Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-October-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1776.70p    
INCLUDING current year revenue                              1817.84p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1729.82p    
INCLUDING current year revenue                              1770.96p    
The NAV includes a provision for any performance fee applicable.        
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