Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 07-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1212.14p   
INCLUDING current year revenue                                    1238.35p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1180.52p   
INCLUDING current year revenue                                    1206.73p   
The NAV includes a provision for any performance fee applicable.             
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