Net Asset Value(s)

Keystone Investment Trust Plc                                                 
As at close of business on 04-October-2011                                    
NAV per Ordinary share (unaudited) with Debt at Par                           
EXCLUDING undistributed current year revenue                     1173.93p     
INCLUDING current year revenue                                   1202.12p     
NAV per Ordinary share (unaudited) with Debt at Fair Value                    
EXCLUDING undistributed current year revenue                     1138.93p     
INCLUDING current year revenue                                   1167.12p     
The NAV includes a provision for any performance fee applicable.              
---