Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-February-2015     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1957.06p    
INCLUDING current year revenue                              1973.94p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1903.29p    
INCLUDING current year revenue                              1920.16p    
The NAV includes a provision for any performance fee applicable.        
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