Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 04-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1921.89p    
INCLUDING current year revenue                              1935.53p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1865.27p    
INCLUDING current year revenue                              1878.91p    
The NAV includes a provision for any performance fee applicable.        
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