Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 18-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1702.07p    
INCLUDING current year revenue                              1729.71p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1649.84p    
INCLUDING current year revenue                              1677.48p    
The NAV includes a provision for any performance fee applicable.        
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