Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                   
                                                                                      
As at close of business on 13-February-2020                                           
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Par                                   
                                                                                      
EXCLUDING undistributed current year revenue                    391.23p               
                                                                                      
INCLUDING current year revenue                                  394.63p               
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Fair Value                            
                                                                                      
EXCLUDING undistributed current year revenue                    391.23p               
                                                                                      
INCLUDING current year revenue                                  394.64p               
                                                                                      
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.                                                      
                                                                                      
LEI: 5493002H3JXLXLIGC563                                                             
                                                                                      
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