Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 22-August-2011                                    
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1176.35p   
INCLUDING current year revenue                                    1202.01p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1146.29p   
INCLUDING current year revenue                                    1171.94p   
The NAV includes a provision for any performance fee applicable.             
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