Net Asset Value(s)

Keystone Investment Trust Plc                                                 
As at close of business on 30-September-2011                                  
NAV per Ordinary share (unaudited) with Debt at Par                           
EXCLUDING undistributed current year revenue                     1200.15p     
INCLUDING current year revenue                                   1228.43p     
NAV per Ordinary share (unaudited) with Debt at Fair Value                    
EXCLUDING undistributed current year revenue                     1167.85p     
INCLUDING current year revenue                                   1196.14p     
The NAV includes a provision for any performance fee applicable.              
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