Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-July-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1687.15p    
INCLUDING current year revenue                              1714.92p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1634.93p    
INCLUDING current year revenue                              1662.70p    
The NAV includes a provision for any performance fee applicable.        
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