Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-March-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1985.41p    
INCLUDING current year revenue                              2012.20p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1931.48p    
INCLUDING current year revenue                              1958.26p    
The NAV includes a provision for any performance fee applicable.        
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