Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 20-April-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1309.94p    
INCLUDING current year revenue                              1335.35p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1274.06p    
INCLUDING current year revenue                              1299.48p    
The NAV includes a provision for any performance fee applicable.        
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