Net Asset Value(s)

Keystone Investment Trust Plc	
As at close of business on 20-November-2015	
NAV per Ordinary share (unaudited) with Debt at Par	
EXCLUDING undistributed current year revenue             	1929.88p
INCLUDING current year revenue                             	1982.44p
NAV per Ordinary share (unaudited) with Debt at Fair Value
EXCLUDING undistributed current year revenue             	1879.24p
INCLUDING current year revenue                             	1931.80p
The NAV includes a provision for any performance fee applicable.
	
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