Net Asset Value(s)

Keystone Investment Trust Plc 

As at close of business on 04-August-2016 

NAV per Ordinary share (unaudited) with Debt at Par 

EXCLUDING undistributed current year revenue 1904.42p 

INCLUDING current year revenue 1941.16p 

NAV per Ordinary share (unaudited) with Debt at Fair Value 

EXCLUDING undistributed current year revenue 1838.85p 

INCLUDING current year revenue 1875.59p 

The NAV includes a provision for any performance fee applicable.