Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 19-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1311.32p    
INCLUDING current year revenue                              1332.54p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1275.83p    
INCLUDING current year revenue                              1297.05p    
The NAV includes a provision for any performance fee applicable.        
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