Net Asset Value(s)

Keystone Investment Trust Plc                                                                 
                                                                                              
As at close of business on 16-May-2016                                                        
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Par                                           
                                                                                              
EXCLUDING undistributed current year revenue                             1818.79p             
                                                                                              
INCLUDING current year revenue                                           1860.67p             
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Fair Value                                    
                                                                                              
EXCLUDING undistributed current year revenue                             1764.75p             
                                                                                              
INCLUDING current year revenue                                           1806.64p             
                                                                                              
The NAV includes a provision for any performance fee applicable.                              
                                                                                              
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