Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1320.09p    
INCLUDING current year revenue                              1341.73p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1271.06p    
INCLUDING current year revenue                              1292.69p    
The NAV includes a provision for any performance fee applicable.        
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