Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 10-October-2012      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1340.21p    
INCLUDING current year revenue                              1371.00p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1283.57p    
INCLUDING current year revenue                              1314.36p    
The NAV includes a provision for any performance fee applicable.        
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