Net Asset Value(s)

Keystone Investment Trust Plc                                                 
As at close of business on 05-October-2011                                    
NAV per Ordinary share (unaudited) with Debt at Par                           
EXCLUDING undistributed current year revenue                     1194.45p     
INCLUDING current year revenue                                   1222.62p     
NAV per Ordinary share (unaudited) with Debt at Fair Value                    
EXCLUDING undistributed current year revenue                     1158.76p     
INCLUDING current year revenue                                   1186.94p     
The NAV includes a provision for any performance fee applicable.              
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