Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 03-April-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1316.35p    
INCLUDING current year revenue                              1337.57p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1279.52p    
INCLUDING current year revenue                              1300.74p    
The NAV includes a provision for any performance fee applicable.        
---