Net Asset Value(s)

Keystone Investment Trust Plc                                                                  
                                                                                              
As at close of business on 25-January-2016                                                     
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Par                                            
                                                                                              
EXCLUDING undistributed current year revenue                              1819.35p             
                                                                                              
INCLUDING current year revenue                                            1834.28p             
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Fair Value                                     
                                                                                              
EXCLUDING undistributed current year revenue                              1766.55p             
                                                                                              
INCLUDING current year revenue                                            1781.47p             
                                                                                              
The NAV includes a provision for any performance fee applicable.                               
                                                                                              
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