Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 10-April-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1273.83p    
INCLUDING current year revenue                              1296.52p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1236.56p    
INCLUDING current year revenue                              1259.25p    
The NAV includes a provision for any performance fee applicable.        
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