Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 15-May-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1975.06p    
INCLUDING current year revenue                              2019.77p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1923.49p    
INCLUDING current year revenue                              1968.20p    
The NAV includes a provision for any performance fee applicable.        
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