Net Asset Value(s)

Keystone Investment Trust Plc                                                                  
As at close of business on 11-December-2015                                                    
NAV per Ordinary share (unaudited) with Debt at Par                                            
EXCLUDING undistributed current year revenue                              1859.81p             
INCLUDING current year revenue                                            1869.60p             
NAV per Ordinary share (unaudited) with Debt at Fair Value                                     
EXCLUDING undistributed current year revenue                              1808.40p             
INCLUDING current year revenue                                            1818.19p             
The NAV includes a provision for any performance fee applicable.                               
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