Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                  
                                                                                     
As at close of business on 18-May-2020                                                
                                                                                     
NAV per Ordinary share (unaudited) with Debt at Par                                  
                                                                                     
EXCLUDING undistributed current year revenue                  290.22p                
                                                                                     
INCLUDING current year revenue                                292.58p                
                                                                                     
NAV per Ordinary share (unaudited) with Debt at Fair Value                            
                                                                                     
EXCLUDING undistributed current year revenue                  290.23p                
                                                                                     
INCLUDING current year revenue                                292.58p                
                                                                                     
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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