Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                  
                                                                                     
As at close of business on 11-January-2021                                            
                                                                                     
NAV per Ordinary share (unaudited) with Debt at Par                                  
                                                                                     
EXCLUDING undistributed current year revenue                            355.55p      
                                                                                     
INCLUDING current year revenue                                          357.41p      
                                                                                     
NAV per Ordinary share (unaudited) with Debt at Fair Value                            
                                                                                     
EXCLUDING undistributed current year revenue                            355.56p      
                                                                                     
INCLUDING current year revenue                                          357.42p      
                                                                                     
The NAV includes a provision for any performance fee applicable.                      
                                                                                     
The fair value of debt is not materially different from the carrying value.          
                                                                                     
LEI: 5493002H3JXLXLIGC563                                                            
                                                                                     
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