Keystone Investment Trust Plc

As at close of business on 08-December-2017

NAV per Ordinary share (unaudited) with Debt at Par

EXCLUDING undistributed current year revenue                                1999.69p

INCLUDING current year revenue                                              2007.64p

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

EXCLUDING undistributed current year revenue                                1943.42p

INCLUDING current year revenue                                              1951.37p

The NAV includes a provision for any performance fee applicable.

LEI: 5493002H3JXLXLIGC563