Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 23-April-2013        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1598.29p    
INCLUDING current year revenue                              1632.83p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1541.31p    
INCLUDING current year revenue                              1575.85p    
The NAV includes a provision for any performance fee applicable.        
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