Net Asset Value(s)

Keystone Investment Trust Plc                                                                    
                                                                                                 
As at close of business on 21-February-2017                                                      
                                                                                                 
NAV per Ordinary share (unaudited) with Debt at Par                                              
                                                                                                 
EXCLUDING undistributed current year revenue                                1907.07p             
                                                                                                 
INCLUDING current year revenue                                              1927.02p             
                                                                                                 
NAV per Ordinary share (unaudited) with Debt at Fair Value                                       
                                                                                                 
EXCLUDING undistributed current year revenue                                1846.25p             
                                                                                                 
INCLUDING current year revenue                                              1866.20p             
                                                                                                 
The NAV includes a provision for any performance fee applicable.                                 
                                                                                                 
LEI: 5493002H3JXLXLIGC563                                                                        
                                                                                                 
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