Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-December-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1755.47p    
INCLUDING current year revenue                              1760.48p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1706.75p    
INCLUDING current year revenue                              1711.77p    
The NAV includes a provision for any performance fee applicable.        
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