Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-June-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1236.19p    
INCLUDING current year revenue                              1251.64p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1195.03p    
INCLUDING current year revenue                              1210.47p    
The NAV includes a provision for any performance fee applicable.        
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