Net Asset Value(s)

Keystone Investment Trust Plc                                                 
As at close of business on 29-September-2011                                  
NAV per Ordinary share (unaudited) with Debt at Par                           
EXCLUDING undistributed current year revenue                     1207.98p     
INCLUDING current year revenue                                   1236.29p     
NAV per Ordinary share (unaudited) with Debt at Fair Value                    
EXCLUDING undistributed current year revenue                     1176.90p     
INCLUDING current year revenue                                   1205.21p     
The NAV includes a provision for any performance fee applicable.              
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