Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 27-September-2011                                 
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                      1216.09p   
INCLUDING current year revenue                                    1242.90p   
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                      1182.54p   
INCLUDING current year revenue                                    1209.35p   
The NAV includes a provision for any performance fee applicable.             
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