Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 27-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1906.34p    
INCLUDING current year revenue                              1920.19p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1849.45p    
INCLUDING current year revenue                              1863.31p    
The NAV includes a provision for any performance fee applicable.        
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