Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1884.39p    
INCLUDING current year revenue                              1896.92p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1827.26p    
INCLUDING current year revenue                              1839.79p    
The NAV includes a provision for any performance fee applicable.        
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