Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 28-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1303.62p    
INCLUDING current year revenue                              1325.06p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1266.59p    
INCLUDING current year revenue                              1288.03p    
The NAV includes a provision for any performance fee applicable.        
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