Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-December-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1378.89p    
INCLUDING current year revenue                              1384.46p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1321.99p    
INCLUDING current year revenue                              1327.55p    
The NAV includes a provision for any performance fee applicable.        
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