Net Asset Value(s)

Keystone Investment Trust Plc                                                                 
                                                                                              
As at close of business on 08-January-2016                                                    
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Par                                           
                                                                                              
EXCLUDING undistributed current year revenue                             1862.35p             
                                                                                              
INCLUDING current year revenue                                           1875.79p             
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Fair Value                                    
                                                                                              
EXCLUDING undistributed current year revenue                             1810.21p             
                                                                                              
INCLUDING current year revenue                                           1823.65p             
                                                                                              
The NAV includes a provision for any performance fee applicable.                              
                                                                                              
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