Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 17-April-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1300.26p    
INCLUDING current year revenue                              1323.47p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1263.53p    
INCLUDING current year revenue                              1286.74p    
The NAV includes a provision for any performance fee applicable.        
---