Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 26-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1913.84p    
INCLUDING current year revenue                              1927.74p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1857.00p    
INCLUDING current year revenue                              1870.90p    
The NAV includes a provision for any performance fee applicable.        
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