Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 14-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1191.94p   
INCLUDING current year revenue                                    1218.71p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1158.77p   
INCLUDING current year revenue                                    1185.54p   
The NAV includes a provision for any performance fee applicable.             
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