Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 26-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1340.61p    
INCLUDING current year revenue                              1371.80p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1283.47p    
INCLUDING current year revenue                              1314.66p    
The NAV includes a provision for any performance fee applicable.        
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