Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 27-March-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1933.29p    
INCLUDING current year revenue                              1963.49p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1876.99p    
INCLUDING current year revenue                              1907.19p    
The NAV includes a provision for any performance fee applicable.        
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