Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                         
                                                                                            
As at close of business on 17-February-2020                                                 
                                                                                            
NAV per Ordinary share (unaudited) with Debt at Par                                         
                                                                                            
EXCLUDING undistributed current year revenue                                 391.11p        
                                                                                            
INCLUDING current year revenue                                               394.49p        
                                                                                            
NAV per Ordinary share (unaudited) with Debt at Fair Value                                  
                                                                                            
EXCLUDING undistributed current year revenue                                 391.11p        
                                                                                            
INCLUDING current year revenue                                               394.50p        
                                                                                            
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                                                                   
                                                                                            
---