Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-April-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1987.84p    
INCLUDING current year revenue                              2026.61p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1931.30p    
INCLUDING current year revenue                              1970.08p    
The NAV includes a provision for any performance fee applicable.        
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