Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 18-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1924.59p    
INCLUDING current year revenue                              1938.55p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1872.41p    
INCLUDING current year revenue                              1886.37p    
The NAV includes a provision for any performance fee applicable.        
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