Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-June-2013     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1595.98p    
INCLUDING current year revenue                              1621.18p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1543.45p    
INCLUDING current year revenue                              1568.65p    
The NAV includes a provision for any performance fee applicable.        
---