Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-May-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1668.79p    
INCLUDING current year revenue                              1707.60p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1614.11p    
INCLUDING current year revenue                              1652.92p    
The NAV includes a provision for any performance fee applicable.        
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