Net Asset Value(s)

HEADLINE: Net Asset Values

It is announced that at the close of business on 2 February 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   1303.28       -   1314.68       -
- see Note 3                                                                  
                                   Debt at   1257.43           1268.83        
                                Fair Value                                    
                                                                              

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

Note:

3. The NAVs above include a provision for performance fee where applicable.

5 February 2007