Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 23-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1948.02p    
INCLUDING current year revenue                              1964.83p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1894.94p    
INCLUDING current year revenue                              1911.75p    
The NAV includes a provision for any performance fee applicable.        
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