Net Asset Value(s)

Keystone Investment Trust Plc                                                                    
                                                                                                
As at close of business on 11-March-2016                                                         
                                                                                                
NAV per Ordinary share (unaudited) with Debt at Par                                              
                                                                                                
EXCLUDING undistributed current year revenue                                1848.91p             
                                                                                                
INCLUDING current year revenue                                              1876.87p             
                                                                                                
NAV per Ordinary share (unaudited) with Debt at Fair Value                                       
                                                                                                
EXCLUDING undistributed current year revenue                                1799.97p             
                                                                                                
INCLUDING current year revenue                                              1827.93p             
                                                                                                
The NAV includes a provision for any performance fee applicable.                                 
                                                                                                
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