Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-February-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1518.46p    
INCLUDING current year revenue                              1533.59p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1465.88p    
INCLUDING current year revenue                              1481.01p    
The NAV includes a provision for any performance fee applicable.        
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