Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 25-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1685.93p    
INCLUDING current year revenue                              1713.80p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1633.70p    
INCLUDING current year revenue                              1661.58p    
The NAV includes a provision for any performance fee applicable.        
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