Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-May-2015      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1932.17p    
INCLUDING current year revenue                              1976.63p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1881.15p    
INCLUDING current year revenue                              1925.61p    
The NAV includes a provision for any performance fee applicable.        
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