Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 01-May-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1609.22p    
INCLUDING current year revenue                              1647.16p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1551.75p    
INCLUDING current year revenue                              1589.69p    
The NAV includes a provision for any performance fee applicable.        
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