Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 05-April-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1290.34p    
INCLUDING current year revenue                              1313.14p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1253.29p    
INCLUDING current year revenue                              1276.08p    
The NAV includes a provision for any performance fee applicable.        
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