Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 22-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1177.47p   
INCLUDING current year revenue                                    1204.41p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1144.42p   
INCLUDING current year revenue                                    1171.36p   
The NAV includes a provision for any performance fee applicable.             
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