Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 12-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1312.23p    
INCLUDING current year revenue                              1333.25p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1272.95p    
INCLUDING current year revenue                              1293.97p    
The NAV includes a provision for any performance fee applicable.        
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