Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 08-November-2011     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1243.88p    
INCLUDING current year revenue                              1275.20p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1205.59p    
INCLUDING current year revenue                              1236.92p    
The NAV includes a provision for any performance fee applicable.        
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