Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 08-June-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1243.99p    
INCLUDING current year revenue                              1259.42p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1201.78p    
INCLUDING current year revenue                              1217.21p    
The NAV includes a provision for any performance fee applicable.        
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