Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 02-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1212.07p   
INCLUDING current year revenue                                    1237.98p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1184.77p   
INCLUDING current year revenue                                    1210.68p   
The NAV includes a provision for any performance fee applicable.