Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 31-March-2015        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1918.51p    
INCLUDING current year revenue                              1948.61p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1862.44p    
INCLUDING current year revenue                              1892.54p    
The NAV includes a provision for any performance fee applicable.        
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