Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 03-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1916.29p    
INCLUDING current year revenue                              1929.97p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1858.93p    
INCLUDING current year revenue                              1872.60p    
The NAV includes a provision for any performance fee applicable.        
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