Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1338.79p    
INCLUDING current year revenue                              1368.79p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1291.01p    
INCLUDING current year revenue                              1321.00p    
The NAV includes a provision for any performance fee applicable.        
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