Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1925.89p    
INCLUDING current year revenue                              1940.05p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1871.44p    
INCLUDING current year revenue                              1885.60p    
The NAV includes a provision for any performance fee applicable.        
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