Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-June-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1251.62p    
INCLUDING current year revenue                              1266.94p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1207.02p    
INCLUDING current year revenue                              1222.35p    
The NAV includes a provision for any performance fee applicable.        
---