Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-May-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1677.54p    
INCLUDING current year revenue                              1716.27p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1623.38p    
INCLUDING current year revenue                              1662.11p    
The NAV includes a provision for any performance fee applicable.        
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