Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-June-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1267.50p    
INCLUDING current year revenue                              1282.67p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1220.11p    
INCLUDING current year revenue                              1235.28p    
The NAV includes a provision for any performance fee applicable.        
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