Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-April-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1981.52p    
INCLUDING current year revenue                              2020.21p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1925.48p    
INCLUDING current year revenue                              1964.17p    
The NAV includes a provision for any performance fee applicable.        
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