Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 26-August-2011                                    
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1175.73p   
INCLUDING current year revenue                                    1201.30p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1148.02p   
INCLUDING current year revenue                                    1173.59p   
The NAV includes a provision for any performance fee applicable.             
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