Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1871.96p    
INCLUDING current year revenue                              1884.63p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1815.26p    
INCLUDING current year revenue                              1827.94p    
The NAV includes a provision for any performance fee applicable.        
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