Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 05-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1180.13p   
INCLUDING current year revenue                                    1205.99p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1150.97p   
INCLUDING current year revenue                                    1176.83p   
The NAV includes a provision for any performance fee applicable.             
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