Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 01-October-2012      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1348.13p    
INCLUDING current year revenue                              1379.27p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1291.71p    
INCLUDING current year revenue                              1322.85p    
The NAV includes a provision for any performance fee applicable.        
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