Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                         
                                                                                            
As at close of business on 27-December-2019                                                 
                                                                                            
NAV per Ordinary share (unaudited) with Debt at Par                                         
                                                                                            
EXCLUDING undistributed current year revenue                                 2042.56p       
                                                                                            
INCLUDING current year revenue                                               2053.92p       
                                                                                            
NAV per Ordinary share (unaudited) with Debt at Fair Value                                  
                                                                                            
EXCLUDING undistributed current year revenue                                 2004.26p       
                                                                                            
INCLUDING current year revenue                                               2015.62p       
                                                                                            
The NAV includes a provision for any performance fee applicable.                            
                                                                                            
LEI: 5493002H3JXLXLIGC563                                                                   
                                                                                            
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