Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-December-2014     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1861.05p    
INCLUDING current year revenue                              1870.06p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1807.83p    
INCLUDING current year revenue                              1816.84p    
The NAV includes a provision for any performance fee applicable.        
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