Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 09-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1201.14p   
INCLUDING current year revenue                                    1228.04p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1170.28p   
INCLUDING current year revenue                                    1197.19p   
The NAV includes a provision for any performance fee applicable.             
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