Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 05-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1844.76p    
INCLUDING current year revenue                              1854.26p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1789.66p    
INCLUDING current year revenue                              1799.15p    
The NAV includes a provision for any performance fee applicable.        
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