Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 05-December-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1372.56p    
INCLUDING current year revenue                              1377.22p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1315.17p    
INCLUDING current year revenue                              1319.83p    
The NAV includes a provision for any performance fee applicable.        
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