Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 18-May-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1979.38p    
INCLUDING current year revenue                              2024.03p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1927.81p    
INCLUDING current year revenue                              1972.46p    
The NAV includes a provision for any performance fee applicable.        
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