Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1924.88p    
INCLUDING current year revenue                              1938.90p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1871.74p    
INCLUDING current year revenue                              1885.76p    
The NAV includes a provision for any performance fee applicable.        
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