Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1288.30p    
INCLUDING current year revenue                              1307.58p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1248.55p    
INCLUDING current year revenue                              1267.83p    
The NAV includes a provision for any performance fee applicable.        
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