Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 16-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1219.30p   
INCLUDING current year revenue                                    1246.03p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1187.28p   
INCLUDING current year revenue                                    1214.01p   
The NAV includes a provision for any performance fee applicable.             
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