Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-April-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1286.83p    
INCLUDING current year revenue                              1312.16p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1250.47p    
INCLUDING current year revenue                              1275.80p    
The NAV includes a provision for any performance fee applicable.        
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