Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 23-March-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1988.23p    
INCLUDING current year revenue                              2014.96p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1930.79p    
INCLUDING current year revenue                              1957.52p    
The NAV includes a provision for any performance fee applicable.        
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