Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-May-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1699.08p    
INCLUDING current year revenue                              1739.18p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1644.92p    
INCLUDING current year revenue                              1685.02p    
The NAV includes a provision for any performance fee applicable.        
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