Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1382.55p    
INCLUDING current year revenue                              1389.79p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1327.75p    
INCLUDING current year revenue                              1334.98p    
The NAV includes a provision for any performance fee applicable.        
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