Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 11-May-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1976.26p    
INCLUDING current year revenue                              2020.56p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1923.81p    
INCLUDING current year revenue                              1968.12p    
The NAV includes a provision for any performance fee applicable.        
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