Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                   
                                                                                      
As at close of business on 12-February-2020                                           
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Par                                   
                                                                                      
EXCLUDING undistributed current year revenue                 1965.36p*                
                                                                                      
INCLUDING current year revenue                               1979.94p*                
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Fair Value                            
                                                                                      
EXCLUDING undistributed current year revenue                 1965.39p*                
                                                                                      
INCLUDING current year revenue                               1979.97p*                
                                                                                      
The NAV includes a provision for any performance fee applicable.                      
                                                                                      
The fair value of debt is not materially different from the carrying value and        
equates to the redemption value.                                                      
                                                                                      
*These net asset values do not reflect the 5 for 1 share                              
sub-division which became effective today.                                            
                                                                                      
LEI: 5493002H3JXLXLIGC563                                                             
                                                                                      
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