Keystone Investment Trust Plc

As at close of business on 16-October-2017

NAV per Ordinary share (unaudited) with Debt at Par

EXCLUDING undistributed current year revenue                                2018.41p

INCLUDING current year revenue                                              2064.28p

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

EXCLUDING undistributed current year revenue                                1962.03p

INCLUDING current year revenue                                              2007.90p

The NAV includes a provision for any performance fee applicable.

LEI: 5493002H3JXLXLIGC563

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