Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 06-June-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1226.39p    
INCLUDING current year revenue                              1240.97p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1183.44p    
INCLUDING current year revenue                              1198.02p    
The NAV includes a provision for any performance fee applicable.        
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