Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-April-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1943.00p    
INCLUDING current year revenue                              1985.67p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1890.07p    
INCLUDING current year revenue                              1932.74p    
The NAV includes a provision for any performance fee applicable.        
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