Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 15-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1206.84p   
INCLUDING current year revenue                                    1233.59p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1173.72p   
INCLUDING current year revenue                                    1200.47p   
The NAV includes a provision for any performance fee applicable.             
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