Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-October-2012      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1351.01p    
INCLUDING current year revenue                              1382.12p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1294.09p    
INCLUDING current year revenue                              1325.21p    
The NAV includes a provision for any performance fee applicable.        
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