Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-March-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1978.57p    
INCLUDING current year revenue                              2005.43p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1924.88p    
INCLUDING current year revenue                              1951.74p    
The NAV includes a provision for any performance fee applicable.        
---