Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-March-2013        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1577.86p    
INCLUDING current year revenue                              1604.69p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1522.35p    
INCLUDING current year revenue                              1549.18p    
The NAV includes a provision for any performance fee applicable.        
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