Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                    
                                                                                       
As at close of business on 27-February-2020                                            
                                                                                       
NAV per Ordinary share (unaudited) with Debt at Par                                    
                                                                                       
EXCLUDING undistributed current year revenue                    352.77p                
                                                                                       
INCLUDING current year revenue                                  354.86p                
                                                                                       
NAV per Ordinary share (unaudited) with Debt at Fair Value                             
                                                                                       
EXCLUDING undistributed current year revenue                    352.77p                
                                                                                       
INCLUDING current year revenue                                  354.86p                
                                                                                       
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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