Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-March-2013        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1572.12p    
INCLUDING current year revenue                              1598.92p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1517.23p    
INCLUDING current year revenue                              1544.02p    
The NAV includes a provision for any performance fee applicable.        
---