Net Asset Value(s)

Keystone Investment Trust Plc                                                                    
                                                                                                 
As at close of business on 31-August-2016                                                        
                                                                                                 
NAV per Ordinary share (unaudited) with Debt at Par                                              
                                                                                                 
EXCLUDING undistributed current year revenue                                1920.89p             
                                                                                                 
INCLUDING current year revenue                                              1963.01p             
                                                                                                 
NAV per Ordinary share (unaudited) with Debt at Fair Value                                       
                                                                                                 
EXCLUDING undistributed current year revenue                                1854.98p             
                                                                                                 
INCLUDING current year revenue                                              1897.10p             
                                                                                                 
The NAV includes a provision for any performance fee applicable.                                 
                                                                                                 
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