Net Asset Value(s)

Keystone Investment Trust Plc                                                                 
                                                                                              
As at close of business on 25-February-2016                                                   
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Par                                           
                                                                                              
EXCLUDING undistributed current year revenue                             1852.91p             
                                                                                              
INCLUDING current year revenue                                           1877.49p             
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Fair Value                                    
                                                                                              
EXCLUDING undistributed current year revenue                             1801.61p             
                                                                                              
INCLUDING current year revenue                                           1826.20p             
                                                                                              
The NAV includes a provision for any performance fee applicable.                              
                                                                                              
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