Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 15-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1700.51p    
INCLUDING current year revenue                              1727.14p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1647.99p    
INCLUDING current year revenue                              1674.62p    
The NAV includes a provision for any performance fee applicable.        
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