Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 23-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1929.97p    
INCLUDING current year revenue                              1943.99p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1872.49p    
INCLUDING current year revenue                              1886.52p    
The NAV includes a provision for any performance fee applicable.        
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