Net Asset Value(s)

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Keystone Investment Trust Plc                                                         
As at close of business on 10-October-2011                                            
NAV per Ordinary share (unaudited) with Debt at Par                                   
EXCLUDING undistributed current year revenue                                 1238.28p 
INCLUDING current year revenue                                               1266.35p 
NAV per Ordinary share (unaudited) with Debt at Fair Value                            
EXCLUDING undistributed current year revenue                                 1204.61p 
INCLUDING current year revenue                                               1232.69p 
The NAV includes a provision for any performance fee applicable.                      
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