Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-May-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1634.13p    
INCLUDING current year revenue                              1672.94p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1579.65p    
INCLUDING current year revenue                              1618.46p    
The NAV includes a provision for any performance fee applicable.        
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