Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1865.89p    
INCLUDING current year revenue                              1875.33p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1809.56p    
INCLUDING current year revenue                              1818.99p    
The NAV includes a provision for any performance fee applicable.        
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