Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 05-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1917.90p    
INCLUDING current year revenue                              1931.50p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1861.52p    
INCLUDING current year revenue                              1875.12p    
The NAV includes a provision for any performance fee applicable.        
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