Correction : Portfolio Update

The issuer wishes to advise that the Monthly Performance announcement released
at 09.15 today was incorrect in as much as the figures shown in the first
column under the heading Ordinary Share Performance (since 01/01/03*) have now
been amended as below.



                         Keystone Investment Trust plc                         

Headline: Monthly Performance

Fact Sheet 31 March2006

Sector Breakdown

Basic Materials                                        2.1%               
                                                                          
Industrials                                            13.3%              
                                                                          
Consumer Goods                                         15.5%              
                                                                          
Health Care                                            12.2%              
                                                                          
Consumer Services                                      15.5%              
                                                                          
Telecommunications                                     8.2%               
                                                                          
Utilities                                              21.4%              
                                                                          
Financials                                             9.1%               
                                                                          
Technology                                             2.7%               

Statistics

Total Gross         199.1      Dividend (p)               31.50
Assets (£m)                                                    
                                                               
Ordinary Shares:               Dividend Yield              3.0%
                                                               
- Mid Market      1,052.0      Asset Gearing*               119
Price (p)                                                      
                                                               
- Net Asset Value 1,191.4      Asset Gearing*               119
(p)                                                            
                                                               
Discount            11.7%      (excluding fixed                
                               interest securities)            

* Asset Gearing reflects the amount of loans invested in the portfolio. A
figure of 100 means that the Company has no gearing.

Top 10 Equity Holdings incl convertibles * % of Portfolio

1. GlaxoSmithKline                                     5.4%               
                                                                          
2. BT Group                                            5.4%               
                                                                          
3. Reynolds American Inc                               4.3%               
                                                                          
4. Altria                                              3.4%               
                                                                          
5. Tesco                                               3.2%               
                                                                          
6. BAA                                                 3.1%               
                                                                          
7. Brit American Tobacco                               2.9%               
                                                                          
8. British Energy                                      2.6%               
                                                                          
9. Imperial Tobacco                                    2.5%               
                                                                          
10. Rexam                                              2.4%               

Figures as at 31 March

* Ordinary Shares unless stated otherwise

Ordinary Share Performance

                              Since 01/01/03     1 Year     3 Years    5 Years
                                           *                                  
                                                                              
Share Price                         +131.27%    +29.02%    +141.15%    +33.33%
                                                                              
NAV                                 +113.52%    +29.63%    +133.30%    +36.88%
                                                                              
Benchmark (FTSE All Share)           +79.91%    +27.46%     +90.50%    +31.71%

* With effect from 1 January 2003 INVESCO Asset Management Limited was
appointed Investment Manager of the Company

Figures supplied by INVESCO Marketing / Datastream = Total Return

                                                                   7 April 2006