Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 18-March-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1978.17p    
INCLUDING current year revenue                              2001.17p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1925.45p    
INCLUDING current year revenue                              1948.45p    
The NAV includes a provision for any performance fee applicable.        
---