Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-March-2013        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1586.52p    
INCLUDING current year revenue                              1613.12p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1530.93p    
INCLUDING current year revenue                              1557.53p    
The NAV includes a provision for any performance fee applicable.        
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