Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 14-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1848.35p    
INCLUDING current year revenue                              1857.72p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1791.13p    
INCLUDING current year revenue                              1800.50p    
The NAV includes a provision for any performance fee applicable.        
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