Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 11-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1412.07p    
INCLUDING current year revenue                              1419.26p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1358.98p    
INCLUDING current year revenue                              1366.17p    
The NAV includes a provision for any performance fee applicable.        
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