Net Asset Value(s)

Keystone Investment Trust Plc                                                                 
                                                                                              
As at close of business on 19-July-2016                                                       
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Par                                           
                                                                                              
EXCLUDING undistributed current year revenue                             1891.31p             
                                                                                              
INCLUDING current year revenue                                           1923.05p             
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Fair Value                                    
                                                                                              
EXCLUDING undistributed current year revenue                             1828.04p             
                                                                                              
INCLUDING current year revenue                                           1859.77p             
                                                                                              
The NAV includes a provision for any performance fee applicable.                              
                                                                                              
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