Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 04-November-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1816.82p    
INCLUDING current year revenue                              1860.09p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1768.66p    
INCLUDING current year revenue                              1811.94p    
The NAV includes a provision for any performance fee applicable.        
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