Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 09-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1909.39p    
INCLUDING current year revenue                              1922.98p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1854.12p    
INCLUDING current year revenue                              1867.71p    
The NAV includes a provision for any performance fee applicable.        
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