Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                        
                                                                                           
As at close of business on 28-February-2020                                                
                                                                                           
NAV per Ordinary share (unaudited) with Debt at Par                                        
                                                                                           
EXCLUDING undistributed current year revenue                                  338.70p      
                                                                                           
INCLUDING current year revenue                                                340.79p      
                                                                                           
NAV per Ordinary share (unaudited) with Debt at Fair Value                                 
                                                                                           
EXCLUDING undistributed current year revenue                                  338.71p      
                                                                                           
INCLUDING current year revenue                                                340.79p      
                                                                                           
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                                                                  
                                                                                           
---