Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 04-January-2013      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1403.69p    
INCLUDING current year revenue                              1410.91p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1351.50p    
INCLUDING current year revenue                              1358.72p    
The NAV includes a provision for any performance fee applicable.        
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