Net Asset Value(s)

Keystone Investment Trust Plc                                                                  
                                                                                              
As at close of business on 30-December-2015                                                    
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Par                                            
                                                                                              
EXCLUDING undistributed current year revenue                              1924.00p             
                                                                                              
INCLUDING current year revenue                                            1936.10p             
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Fair Value                                     
                                                                                              
EXCLUDING undistributed current year revenue                              1873.74p             
                                                                                              
INCLUDING current year revenue                                            1885.84p             
                                                                                              
The NAV includes a provision for any performance fee applicable.                               
                                                                                              
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