Net Asset Value(s)

Keystone Investment Trust Plc                                                         
As at close of business on 06-October-2011                                            
NAV per Ordinary share (unaudited) with Debt at Par                                   
EXCLUDING undistributed current year revenue                                 1220.41p 
INCLUDING current year revenue                                               1248.56p 
NAV per Ordinary share (unaudited) with Debt at Fair Value                            
EXCLUDING undistributed current year revenue                                 1185.34p 
INCLUDING current year revenue                                               1213.50p 
The NAV includes a provision for any performance fee applicable.                      
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