Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1933.88p    
INCLUDING current year revenue                              1950.92p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1880.23p    
INCLUDING current year revenue                              1897.27p    
The NAV includes a provision for any performance fee applicable.        
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