Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 31-May-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1636.46p    
INCLUDING current year revenue                              1658.78p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1583.77p    
INCLUDING current year revenue                              1606.08p    
The NAV includes a provision for any performance fee applicable.        
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