Net Asset Value(s)

Keystone Investment Trust Plc                                                                  
                                                                                               
As at close of business on 18-December-2015                                                    
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Par                                            
                                                                                               
EXCLUDING undistributed current year revenue                              1888.88p             
                                                                                               
INCLUDING current year revenue                                            1899.49p             
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Fair Value                                     
                                                                                               
EXCLUDING undistributed current year revenue                              1837.63p             
                                                                                               
INCLUDING current year revenue                                            1848.24p             
                                                                                               
The NAV includes a provision for any performance fee applicable.                               
                                                                                               
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