Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 03-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1390.12p    
INCLUDING current year revenue                              1397.36p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1336.88p    
INCLUDING current year revenue                              1344.12p    
The NAV includes a provision for any performance fee applicable.        
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