Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 07-December-2011     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1235.46p    
INCLUDING current year revenue                              1242.13p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1197.56p    
INCLUDING current year revenue                              1204.22p    
The NAV includes a provision for any performance fee applicable.        
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