Result of AGM

Keystone Investment Trust plc                         

HEADLINE: Annual General Meeting Result

At the Annual General Meeting of the Company held on 15 December 2003
shareholders approved the following resolutions:

i. to receive the Directors' Report and Accounts for the year ended 30
September 2003;

ii. to declare a final dividend of 17.0p per ordinary share;
   
iii. to approve the Directors' Remuneration Report;
   
iv. to re-elect Mr Richard Oldfield a Director of the Company;
   
 v. to re-elect Mr David Adams a Director of the Company;
   
vi. to re-elect Mr Peter Readman a Director of the Company;
   
vii. to elect Mrs Beatrice Hollond a Director of the Company;
   
viii. to re-appoint Ernst & Young LLP as Auditors and authorise the Directors
    to determine their remuneration;
   
ix. to renew the Directors' authority to issue new ordinary shares and to
    disregard pre-emption rights; and
   
 x. to renew the Directors' authority to purchase shares of the Company in the
    market for cancellation within the parameters specified.
   
Kerstin Rucht

For and on behalf of

Keystone Investment Trust plc

16 December 2003