Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1348.68p    
INCLUDING current year revenue                              1376.29p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1302.92p    
INCLUDING current year revenue                              1330.53p    
The NAV includes a provision for any performance fee applicable.        
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