Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 08-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1337.56p    
INCLUDING current year revenue                              1364.45p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1290.26p    
INCLUDING current year revenue                              1317.16p    
The NAV includes a provision for any performance fee applicable.        
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