Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-October-2012      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1341.07p    
INCLUDING current year revenue                              1371.84p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1283.69p    
INCLUDING current year revenue                              1314.46p    
The NAV includes a provision for any performance fee applicable.        
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