Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-October-2012      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1344.09p    
INCLUDING current year revenue                              1376.18p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1288.58p    
INCLUDING current year revenue                              1320.66p    
The NAV includes a provision for any performance fee applicable. 
      
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