Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-February-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1536.85p    
INCLUDING current year revenue                              1552.01p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1485.89p    
INCLUDING current year revenue                              1501.04p    
The NAV includes a provision for any performance fee applicable.        
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