Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1928.45p    
INCLUDING current year revenue                              1945.49p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1875.58p    
INCLUDING current year revenue                              1892.62p    
The NAV includes a provision for any performance fee applicable.        
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