Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 06-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1282.29p    
INCLUDING current year revenue                              1298.46p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1243.37p    
INCLUDING current year revenue                              1259.55p    
The NAV includes a provision for any performance fee applicable.        
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