Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 03-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1339.12p    
INCLUDING current year revenue                              1366.48p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1289.54p    
INCLUDING current year revenue                              1316.89p    
The NAV includes a provision for any performance fee applicable.        
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