Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1859.61p    
INCLUDING current year revenue                              1869.20p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1805.49p    
INCLUDING current year revenue                              1815.08p    
The NAV includes a provision for any performance fee applicable.        
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