Net Asset Value(s)

Keystone Investment Trust Plc                                                                  
                                                                                               
As at close of business on 25-April-2016                                                       
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Par                                            
                                                                                               
EXCLUDING undistributed current year revenue                              1834.98p             
                                                                                               
INCLUDING current year revenue                                            1869.64p             
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Fair Value                                     
                                                                                               
EXCLUDING undistributed current year revenue                              1783.03p             
                                                                                               
INCLUDING current year revenue                                            1817.70p             
                                                                                               
The NAV includes a provision for any performance fee applicable.                               
                                                                                               
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