Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 12-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1177.55p   
INCLUDING current year revenue                                    1204.36p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1145.26p   
INCLUDING current year revenue                                    1172.07p   
The NAV includes a provision for any performance fee applicable.             
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