Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1335.57p    
INCLUDING current year revenue                              1362.29p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1288.48p    
INCLUDING current year revenue                              1315.20p    
The NAV includes a provision for any performance fee applicable.        
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