Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 06-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1830.83p    
INCLUDING current year revenue                              1840.31p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1774.43p    
INCLUDING current year revenue                              1783.90p    
The NAV includes a provision for any performance fee applicable.        
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