Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 14-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1345.47p    
INCLUDING current year revenue                              1375.43p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1299.78p    
INCLUDING current year revenue                              1329.75p    
The NAV includes a provision for any performance fee applicable.        
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