Net Asset Value(s)

Keystone Investment Trust Plc                                                                  
                                                                                               
As at close of business on 03-August-2016                                                      
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Par                                            
                                                                                               
EXCLUDING undistributed current year revenue                              1877.15p             
                                                                                               
INCLUDING current year revenue                                            1911.11p             
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Fair Value                                     
                                                                                               
EXCLUDING undistributed current year revenue                              1813.68p             
                                                                                               
INCLUDING current year revenue                                            1847.63p             
                                                                                               
The NAV includes a provision for any performance fee applicable.                               
                                                                                               
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