Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 09-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1402.29p    
INCLUDING current year revenue                              1409.54p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1348.70p    
INCLUDING current year revenue                              1355.94p    
The NAV includes a provision for any performance fee applicable.        
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