Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 21-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1217.89p   
INCLUDING current year revenue                                    1244.84p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1183.88p   
INCLUDING current year revenue                                    1210.82p   
The NAV includes a provision for any performance fee applicable.             
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