Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-March-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1952.11p    
INCLUDING current year revenue                              1975.10p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1900.31p    
INCLUDING current year revenue                              1923.30p    
The NAV includes a provision for any performance fee applicable.        
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