Net Asset Value(s)

Keystone Investment Trust Plc                                                                  
                                                                                               
As at close of business on 26-July-2016                                                        
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Par                                            
                                                                                               
EXCLUDING undistributed current year revenue                              1894.59p             
                                                                                               
INCLUDING current year revenue                                            1927.18p             
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Fair Value                                     
                                                                                               
EXCLUDING undistributed current year revenue                              1845.62p             
                                                                                               
INCLUDING current year revenue                                            1878.21p             
                                                                                               
The NAV includes a provision for any performance fee applicable.