Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 23-August-2011                                    
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1187.36p   
INCLUDING current year revenue                                    1212.98p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1157.28p   
INCLUDING current year revenue                                    1182.90p   
The NAV includes a provision for any performance fee applicable.             
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