Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1926.60p    
INCLUDING current year revenue                              1940.73p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1872.25p    
INCLUDING current year revenue                              1886.37p    
The NAV includes a provision for any performance fee applicable.        
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