Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-April-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1975.99p    
INCLUDING current year revenue                              2014.80p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1919.53p    
INCLUDING current year revenue                              1958.33p    
The NAV includes a provision for any performance fee applicable.        
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