Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 22-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1697.75p    
INCLUDING current year revenue                              1725.29p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1645.53p    
INCLUDING current year revenue                              1673.07p    
The NAV includes a provision for any performance fee applicable.        
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