Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 16-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1311.45p    
INCLUDING current year revenue                              1332.72p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1276.22p    
INCLUDING current year revenue                              1297.49p    
The NAV includes a provision for any performance fee applicable.        
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