Net Asset Value(s)

Keystone Investment Trust Plc                                                                 
                                                                                             
As at close of business on 02-February-2016                                                   
                                                                                             
NAV per Ordinary share (unaudited) with Debt at Par                                           
                                                                                             
EXCLUDING undistributed current year revenue                             1842.69p             
                                                                                             
INCLUDING current year revenue                                           1857.40p             
                                                                                             
NAV per Ordinary share (unaudited) with Debt at Fair Value                                    
                                                                                             
EXCLUDING undistributed current year revenue                             1793.00p             
                                                                                             
INCLUDING current year revenue                                           1807.71p             
                                                                                             
The NAV includes a provision for any performance fee applicable.                              
                                                                                             
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