Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1698.66p    
INCLUDING current year revenue                              1726.28p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1646.43p    
INCLUDING current year revenue                              1674.05p    
The NAV includes a provision for any performance fee applicable.        
---