Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 01-May-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1947.23p    
INCLUDING current year revenue                              1989.90p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1894.00p    
INCLUDING current year revenue                              1936.67p    
The NAV includes a provision for any performance fee applicable.        
---