Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 08-February-2012     
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1273.79p    
INCLUDING current year revenue                              1284.75p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1236.11p    
INCLUDING current year revenue                              1247.07p    
The NAV includes a provision for any performance fee applicable.        
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