Net Asset Value(s)

INVESCO Asset Management Limited                        

HEADLINE: Net Asset Values

It is announced that at the close of business on 4 January 2007 the unaudited
net asset values per share (AIC basis) of the following investment trust
companies managed by INVESCO Asset Management Limited are:-

                                           NAVs with Debt at Par & Fair Value 
                                                                              
Company                                    Undiluted Diluted Undiluted Diluted
                                                                              
                                             Capital Capital       Cum     Cum
                                                                              
                                                                Income  Income
                                                                              
                                             (pence) (pence)   (pence) (pence)
                                                                              
                                                                
Keystone Investment Trust plc  Debt at Par   1304.68       -   1315.14       -
                                                                              
                                   Debt at   1252.11           1262.57        
                                Fair Value                                    

All the above NAVs have been calculated using the fair value (bid) prices for
the underlying investments.