Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 31-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1442.54p    
INCLUDING current year revenue                              1453.07p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1389.79p    
INCLUDING current year revenue                              1400.32p    
The NAV includes a provision for any performance fee applicable.        
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