Net Asset Value(s)

Keystone Investment Trust Plc                                                         
As at close of business on 07-October-2011                                            
NAV per Ordinary share (unaudited) with Debt at Par                                   
EXCLUDING undistributed current year revenue                                 1227.60p 
INCLUDING current year revenue                                               1255.73p 
NAV per Ordinary share (unaudited) with Debt at Fair Value                            
EXCLUDING undistributed current year revenue                                 1192.51p 
INCLUDING current year revenue                                               1220.64p 
The NAV includes a provision for any performance fee applicable.                      
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