Net Asset Value(s)

INVESCO Asset Management Limited                        

HEADLINE: Net Asset Values

It is announced that at the close of business on 26 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   1298.08       -   1309.65       -
                                                                              
                                   Debt at   1250.86           1262.43        
                                Fair Value                                    

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