Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 24-August-2011                                    
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1195.41p   
INCLUDING current year revenue                                    1221.03p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1165.63p   
INCLUDING current year revenue                                    1191.24p   
The NAV includes a provision for any performance fee applicable.             
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