Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-February-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1534.76p    
INCLUDING current year revenue                              1549.87p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1482.50p    
INCLUDING current year revenue                              1497.61p    
The NAV includes a provision for any performance fee applicable.        
---