Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1431.06p    
INCLUDING current year revenue                              1440.78p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1377.55p    
INCLUDING current year revenue                              1387.27p    
The NAV includes a provision for any performance fee applicable.        
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