Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 08-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1302.96p    
INCLUDING current year revenue                              1324.01p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1263.02p    
INCLUDING current year revenue                              1284.07p    
The NAV includes a provision for any performance fee applicable.        
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