Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-September-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1336.49p    
INCLUDING current year revenue                              1367.72p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1279.43p    
INCLUDING current year revenue                              1310.65p    
The NAV includes a provision for any performance fee applicable.        
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