Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 26-October-2012      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1349.31p    
INCLUDING current year revenue                              1381.33p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1293.91p    
INCLUDING current year revenue                              1325.94p    
The NAV includes a provision for any performance fee applicable. 
       
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