Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 18-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1340.96p    
INCLUDING current year revenue                              1370.83p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1293.94p    
INCLUDING current year revenue                              1323.82p    
The NAV includes a provision for any performance fee applicable.        
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