Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 10-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1332.39p    
INCLUDING current year revenue                              1361.18p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1284.01p    
INCLUDING current year revenue                              1312.80p    
The NAV includes a provision for any performance fee applicable.        
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