Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1690.13p    
INCLUDING current year revenue                              1716.84p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1637.61p    
INCLUDING current year revenue                              1664.32p    
The NAV includes a provision for any performance fee applicable.        
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