Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1337.35p    
INCLUDING current year revenue                              1364.98p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1292.01p    
INCLUDING current year revenue                              1319.64p    
The NAV includes a provision for any performance fee applicable.        
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