Keystone Investment Trust Plc

As at close of business on 27-April-2017

NAV per Ordinary share (unaudited) with Debt at Par

EXCLUDING undistributed current year revenue                                2010.59p

INCLUDING current year revenue                                              2046.72p

NAV per Ordinary share (unaudited) with Debt at Fair Value

EXCLUDING undistributed current year revenue                                1948.84p

INCLUDING current year revenue                                              1984.97p

The NAV includes a provision for any performance fee applicable.

LEI: 5493002H3JXLXLIGC563

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