Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1351.75p    
INCLUDING current year revenue                              1381.53p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1303.17p    
INCLUDING current year revenue                              1332.95p    
The NAV includes a provision for any performance fee applicable.        
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