Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-August-2012       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1327.24p    
INCLUDING current year revenue                              1354.73p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1277.82p    
INCLUDING current year revenue                              1305.31p    
The NAV includes a provision for any performance fee applicable.        
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