Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 13-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1184.83p   
INCLUDING current year revenue                                    1211.62p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1151.99p   
INCLUDING current year revenue                                    1178.78p   
The NAV includes a provision for any performance fee applicable.             
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