Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 18-September-2013        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1689.62p    
INCLUDING current year revenue                              1728.41p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1637.43p    
INCLUDING current year revenue                              1676.22p    
The NAV includes a provision for any performance fee applicable.        
---