Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 09-January-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1864.52p    
INCLUDING current year revenue                              1874.03p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1808.49p    
INCLUDING current year revenue                              1818.01p    
The NAV includes a provision for any performance fee applicable.        
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