Net Asset Value(s)

Keystone Investment Trust Plc                                                                  
                                                                                               
As at close of business on 04-May-2016                                                         
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Par                                            
                                                                                               
EXCLUDING undistributed current year revenue                              1809.81p             
                                                                                               
INCLUDING current year revenue                                            1848.74p             
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Fair Value                                     
                                                                                               
EXCLUDING undistributed current year revenue                              1757.03p             
                                                                                               
INCLUDING current year revenue                                            1795.96p             
                                                                                               
The NAV includes a provision for any performance fee applicable.                               
                                                                                               
---