Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 05-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1299.88p    
INCLUDING current year revenue                              1316.06p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1261.09p    
INCLUDING current year revenue                              1277.26p    
The NAV includes a provision for any performance fee applicable.        
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