Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 06-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1338.97p    
INCLUDING current year revenue                              1367.81p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1290.59p    
INCLUDING current year revenue                              1319.43p    
The NAV includes a provision for any performance fee applicable.        
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