Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                   
                                                                                      
As at close of business on 19-December-2019                                           
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Par                                   
                                                                                      
EXCLUDING undistributed current year revenue                  2013.88p                
                                                                                      
INCLUDING current year revenue                                2023.61p                
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Fair Value                            
                                                                                      
EXCLUDING undistributed current year revenue                  1975.27p                
                                                                                      
INCLUDING current year revenue                                1985.00p                
                                                                                      
The NAV includes a provision for any performance fee applicable.                      
                                                                                      
LEI: 5493002H3JXLXLIGC563                                                             
                                                                                      
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