Net Asset Value(s)

Keystone Investment Trust Plc                                                
As at close of business on 03-October-2011                                   
NAV per Ordinary share (unaudited) with Debt at Par                          
EXCLUDING undistributed current year revenue                        1198.85p 
INCLUDING current year revenue                                      1227.08p 
NAV per Ordinary share (unaudited) with Debt at Fair Value                   
EXCLUDING undistributed current year revenue                        1165.03p 
INCLUDING current year revenue                                      1193.26p 
The NAV includes a provision for any performance fee applicable.             
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