Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 02-March-2012        
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1301.76p    
INCLUDING current year revenue                              1317.99p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1263.74p    
INCLUDING current year revenue                              1279.97p    
The NAV includes a provision for any performance fee applicable.        
---