Net Asset Value(s)

Keystone Investment Trust Plc                                       
                                                                    
As at close of business on 26-May-2015                              
                                                                    
NAV per Ordinary share (unaudited) with Debt                        
at Par                                                              
                                                                    
EXCLUDING undistributed current year revenue 1977.34p               
                                                                    
INCLUDING current year revenue               2024.06p               
                                                                    
NAV per Ordinary share (unaudited) with Debt at Fair Value          
                                                                    
EXCLUDING undistributed current year revenue 1925.22p               
                                                                    
INCLUDING current year revenue               1971.94p               
                                                                    
The NAV includes a provision for any performance fee applicable.    
                                                                    
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