Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1334.55p    
INCLUDING current year revenue                              1364.57p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1287.24p    
INCLUDING current year revenue                              1317.27p    
The NAV includes a provision for any performance fee applicable.        
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