Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 03-March-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1941.21p    
INCLUDING current year revenue                              1961.58p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1889.81p    
INCLUDING current year revenue                              1910.18p    
The NAV includes a provision for any performance fee applicable.        
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