Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-April-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1939.25p    
INCLUDING current year revenue                              1980.38p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1885.88p    
INCLUDING current year revenue                              1927.01p    
The NAV includes a provision for any performance fee applicable.        
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