Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-May-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1952.58p    
INCLUDING current year revenue                              1996.86p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1902.09p    
INCLUDING current year revenue                              1946.37p    
The NAV includes a provision for any performance fee applicable.        
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