Net Asset Value(s)

Keystone Investment Trust Plc                                                                  
                                                                                               
As at close of business on 29-July-2016                                                        
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Par                                            
                                                                                               
EXCLUDING undistributed current year revenue                              1903.02p             
                                                                                               
INCLUDING current year revenue                                            1937.06p             
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Fair Value                                     
                                                                                               
EXCLUDING undistributed current year revenue                              1853.34p             
                                                                                               
INCLUDING current year revenue                                            1887.38p             
                                                                                               
The NAV includes a provision for any performance fee applicable.                               
                                                                                               
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