Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 04-October-2012      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1365.18p    
INCLUDING current year revenue                              1396.17p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1308.12p    
INCLUDING current year revenue                              1339.11p    
The NAV includes a provision for any performance fee applicable.        
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