Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 14-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1411.93p    
INCLUDING current year revenue                              1419.05p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1358.26p    
INCLUDING current year revenue                              1365.37p    
The NAV includes a provision for any performance fee applicable.        
---