Net Asset Value(s)

Keystone Investment Trust Plc	
As at close of business on 18-November-2015	
NAV per Ordinary share (unaudited) with Debt at Par	
EXCLUDING undistributed current year revenue             	1921.64p
INCLUDING current year revenue                             	1971.99p
NAV per Ordinary share (unaudited) with Debt at Fair Value
EXCLUDING undistributed current year revenue             	1871.04p
INCLUDING current year revenue                             	1921.38p
The NAV includes a provision for any performance fee applicable.