Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1690.31p    
INCLUDING current year revenue                              1718.20p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1638.08p    
INCLUDING current year revenue                              1665.98p    
The NAV includes a provision for any performance fee applicable.        
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