Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 09-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1336.26p    
INCLUDING current year revenue                              1363.08p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1289.35p    
INCLUDING current year revenue                              1316.17p    
The NAV includes a provision for any performance fee applicable.        
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