Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 19-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1204.60p   
INCLUDING current year revenue                                    1231.27p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1172.40p   
INCLUDING current year revenue                                    1199.07p   
The NAV includes a provision for any performance fee applicable.             
---