Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1883.02p    
INCLUDING current year revenue                              1892.42p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1826.77p    
INCLUDING current year revenue                              1836.17p    
The NAV includes a provision for any performance fee applicable.        
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