Net Asset Value(s)

Keystone Investment Trust Plc (KIT)                                                        
                                                                                           
As at close of business on 30-December-2020                                                
                                                                                           
NAV per Ordinary share (unaudited) with Debt at Par                                        
                                                                                           
EXCLUDING undistributed current year revenue                               348.23p         
                                                                                           
INCLUDING current year revenue                                             350.06p         
                                                                                           
NAV per Ordinary share (unaudited) with Debt at Fair Value                                 
                                                                                           
EXCLUDING undistributed current year revenue                               348.24p         
                                                                                           
INCLUDING current year revenue                                             350.06p         
                                                                                           
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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