Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 29-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1293.13p    
INCLUDING current year revenue                              1314.49p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1256.04p    
INCLUDING current year revenue                              1277.40p    
The NAV includes a provision for any performance fee applicable.        
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