Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 23-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1685.00p    
INCLUDING current year revenue                              1712.51p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1632.78p    
INCLUDING current year revenue                              1660.29p    
The NAV includes a provision for any performance fee applicable.        
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