Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 27-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1958.85p    
INCLUDING current year revenue                              1978.49p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1906.11p    
INCLUDING current year revenue                              1925.74p    
The NAV includes a provision for any performance fee applicable.        
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