Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 05-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1325.04p    
INCLUDING current year revenue                              1353.04p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1275.44p    
INCLUDING current year revenue                              1303.44p    
The NAV includes a provision for any performance fee applicable.        
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