Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1923.47p    
INCLUDING current year revenue                              1937.25p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1865.63p    
INCLUDING current year revenue                              1879.42p    
The NAV includes a provision for any performance fee applicable.        
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