Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 14-June-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1251.01p    
INCLUDING current year revenue                              1266.32p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1206.08p    
INCLUDING current year revenue                              1221.38p    
The NAV includes a provision for any performance fee applicable.        
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