Net Asset Value(s)

INVESCO Asset Management Limited                        

HEADLINE: Net Asset Value

It is announced that at the close of business on 3 August 2006, the unaudited
net asset value per share (AITC basis) of the following investment trust
company managed by INVESCO Asset Management Limited is:-

                                            NAVs with Debt at Par & Fair Value 
                                                                               
Company                                     Undiluted Diluted Undiluted Diluted
                                                                               
                                              Capital Capital       Cum     Cum
                                                                               
                                                                 Income  Income
                                                                               
                                              (pence) (pence)   (pence) (pence)
                                                                               
                                                                     
Keystone Investment Trust plc   Debt at Par   1174.47       -   1190.69       -
                                                                               
                               Debt at Fair   1125.24           1141.47        
                                      Value                                    
                                                                               
                                  Note 3                                       

All the above NAVs have been calculated using the fair value (bid) prices for
the underlying investments.

Note:

3. The NAVs above include a provision for performance fee where applicable.