Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-May-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1670.12p    
INCLUDING current year revenue                              1708.96p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1615.60p    
INCLUDING current year revenue                              1654.44p    
The NAV includes a provision for any performance fee applicable.        
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