Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 26-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1682.72p    
INCLUDING current year revenue                              1710.57p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1630.50p    
INCLUDING current year revenue                              1658.35p    
The NAV includes a provision for any performance fee applicable.        
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