Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 14-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1342.97p    
INCLUDING current year revenue                              1369.66p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1295.85p    
INCLUDING current year revenue                              1322.54p    
The NAV includes a provision for any performance fee applicable.        
---