Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1917.18p    
INCLUDING current year revenue                              1931.23p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1862.79p    
INCLUDING current year revenue                              1876.84p    
The NAV includes a provision for any performance fee applicable.        
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