Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1333.45p    
INCLUDING current year revenue                              1362.26p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1284.73p    
INCLUDING current year revenue                              1313.54p    
The NAV includes a provision for any performance fee applicable.        
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