Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-December-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1371.82p    
INCLUDING current year revenue                              1377.94p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1315.67p    
INCLUDING current year revenue                              1321.79p    
The NAV includes a provision for any performance fee applicable.        
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