Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 11-June-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1242.55p    
INCLUDING current year revenue                              1257.91p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1196.81p    
INCLUDING current year revenue                              1212.16p    
The NAV includes a provision for any performance fee applicable.        
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