Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 13-October-2011      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1237.79p    
INCLUDING current year revenue                              1266.68p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1200.98p    
INCLUDING current year revenue                              1229.87p    
The NAV includes a provision for any performance fee applicable.        
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