Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 09-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1310.13p    
INCLUDING current year revenue                              1331.18p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1271.05p    
INCLUDING current year revenue                              1292.10p    
The NAV includes a provision for any performance fee applicable.        
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