Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                   
                                                                                      
As at close of business on 23-January-2020                                            
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Par                                   
                                                                                      
EXCLUDING undistributed current year revenue                 2016.06p                 
                                                                                      
INCLUDING current year revenue                               2029.61p                 
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Fair Value                            
                                                                                      
EXCLUDING undistributed current year revenue                 1976.79p                 
                                                                                      
INCLUDING current year revenue                               1990.35p                 
                                                                                      
The NAV includes a provision for any performance fee                                  
applicable.                                                                           
                                                                                      
LEI: 5493002H3JXLXLIGC563                                                             
                                                                                      
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