Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-April-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1282.86p    
INCLUDING current year revenue                              1306.15p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1246.09p    
INCLUDING current year revenue                              1269.38p    
The NAV includes a provision for any performance fee applicable.        
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