Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1910.50p    
INCLUDING current year revenue                              1924.56p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1853.74p    
INCLUDING current year revenue                              1867.81p    
The NAV includes a provision for any performance fee applicable.        
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