Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1907.84p    
INCLUDING current year revenue                              1921.60p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1849.03p    
INCLUDING current year revenue                              1862.79p    
The NAV includes a provision for any performance fee applicable.        
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