Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 10-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1337.09p    
INCLUDING current year revenue                              1363.88p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1289.51p    
INCLUDING current year revenue                              1316.30p    
The NAV includes a provision for any performance fee applicable.        
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