Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1326.33p    
INCLUDING current year revenue                              1353.81p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1277.45p    
INCLUDING current year revenue                              1304.94p    
The NAV includes a provision for any performance fee applicable.        
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