Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 06-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1342.48p    
INCLUDING current year revenue                              1364.06p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1294.13p    
INCLUDING current year revenue                              1315.71p    
The NAV includes a provision for any performance fee applicable.        
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