Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 25-June-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1256.16p    
INCLUDING current year revenue                              1271.21p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1209.29p    
INCLUDING current year revenue                              1224.34p    
The NAV includes a provision for any performance fee applicable.        
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