Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1328.96p    
INCLUDING current year revenue                              1356.47p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1280.01p    
INCLUDING current year revenue                              1307.52p    
The NAV includes a provision for any performance fee applicable.        
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