Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1352.45p    
INCLUDING current year revenue                              1382.30p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1304.04p    
INCLUDING current year revenue                              1333.89p    
The NAV includes a provision for any performance fee applicable.        
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