Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 30-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1297.01p    
INCLUDING current year revenue                              1318.29p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1259.93p    
INCLUDING current year revenue                              1281.22p    
The NAV includes a provision for any performance fee applicable.        
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