Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 15-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1864.16p    
INCLUDING current year revenue                              1876.74p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1806.75p    
INCLUDING current year revenue                              1819.34p    
The NAV includes a provision for any performance fee applicable.        
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