Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-May-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1959.90p    
INCLUDING current year revenue                              2004.19p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1908.56p    
INCLUDING current year revenue                              1952.84p    
The NAV includes a provision for any performance fee applicable.        
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