Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1919.74p    
INCLUDING current year revenue                              1933.57p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1862.41p    
INCLUDING current year revenue                              1876.25p    
The NAV includes a provision for any performance fee applicable.        
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