Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-May-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1689.78p    
INCLUDING current year revenue                              1728.49p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1636.04p    
INCLUDING current year revenue                              1674.76p    
The NAV includes a provision for any performance fee applicable.        
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