Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-May-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1993.41p    
INCLUDING current year revenue                              2038.03p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1942.31p    
INCLUDING current year revenue                              1986.93p    
The NAV includes a provision for any performance fee applicable.        
---