Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 08-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1874.91p    
INCLUDING current year revenue                              1884.46p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1819.64p    
INCLUDING current year revenue                              1829.19p    
The NAV includes a provision for any performance fee applicable.        
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