Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 11-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1329.17p    
INCLUDING current year revenue                              1357.94p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1280.61p    
INCLUDING current year revenue                              1309.38p    
The NAV includes a provision for any performance fee applicable.        
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