Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 08-December-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1889.42p    
INCLUDING current year revenue                              1895.32p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1838.27p    
INCLUDING current year revenue                              1844.18p    
The NAV includes a provision for any performance fee applicable.        
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