Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 11-October-2011      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1238.48p    
INCLUDING current year revenue                              1266.53p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1206.14p    
INCLUDING current year revenue                              1234.19p    
The NAV includes a provision for any performance fee applicable.        
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