Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1346.40p    
INCLUDING current year revenue                              1376.26p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1298.33p    
INCLUDING current year revenue                              1328.19p    
The NAV includes a provision for any performance fee applicable.        
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