Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1408.75p    
INCLUDING current year revenue                              1418.59p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1354.37p    
INCLUDING current year revenue                              1364.21p    
The NAV includes a provision for any performance fee applicable.        
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