Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 08-October-2012      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1363.91p    
INCLUDING current year revenue                              1394.81p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1306.51p    
INCLUDING current year revenue                              1337.41p    
The NAV includes a provision for any performance fee applicable.        
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