Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-May-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1987.51p    
INCLUDING current year revenue                              2032.09p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1936.41p    
INCLUDING current year revenue                              1980.99p    
The NAV includes a provision for any performance fee applicable.        
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