Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-December-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1376.74p    
INCLUDING current year revenue                              1382.20p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1319.15p    
INCLUDING current year revenue                              1324.62p    
The NAV includes a provision for any performance fee applicable.        
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