Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1417.94p    
INCLUDING current year revenue                              1427.75p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1364.43p    
INCLUDING current year revenue                              1374.24p    
The NAV includes a provision for any performance fee applicable.        
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