Net Asset Value(s)

Keystone Investment Trust Plc	
As at close of business on 21-July-2015	
NAV per Ordinary share (unaudited) with Debt at Par	
EXCLUDING undistributed current year revenue             	1965.91p
INCLUDING current year revenue                             	2002.16p
NAV per Ordinary share (unaudited) with Debt at Fair Value
EXCLUDING undistributed current year revenue             	1916.73p
INCLUDING current year revenue                             	1952.98p
The NAV includes a provision for any performance fee applicable.
---