Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1425.62p    
INCLUDING current year revenue                              1435.31p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1371.84p    
INCLUDING current year revenue                              1381.52p    
The NAV includes a provision for any performance fee applicable.        
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