Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 30-August-2011                                    
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1195.51p   
INCLUDING current year revenue                                    1221.00p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1167.22p   
INCLUDING current year revenue                                    1192.70p   
The NAV includes a provision for any performance fee applicable.             
---