Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-November-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1344.18p    
INCLUDING current year revenue                              1376.82p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1288.93p    
INCLUDING current year revenue                              1321.56p    
The NAV includes a provision for any performance fee applicable.        
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