Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 25-August-2011                                    
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1177.89p   
INCLUDING current year revenue                                    1203.49p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1149.30p   
INCLUDING current year revenue                                    1174.90p   
The NAV includes a provision for any performance fee applicable.             
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