Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1841.57p    
INCLUDING current year revenue                              1851.01p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1785.71p    
INCLUDING current year revenue                              1795.16p    
The NAV includes a provision for any performance fee applicable.        
---