Correction : Portfolio Update

The issuer wishes to advise that the Keystone Investment Trust Portfolio Update
announcement released on 8 October 2007 at 13.58 had incorrect information
under the heading of Ordinary Share Performance. This was due to a technical
error. The correct information is now inserted as below. Please accept our
apologies for any inconvenience this error may have caused.



                         Keystone Investment Trust plc                         

Headline: Monthly Statistics

Fact Sheet 30 September2007

Sector Breakdown

Consumer Goods                                                19.1%
                                                                   
Industrials                                                   13.4%
                                                                   
Consumer Services                                             12.8%
                                                                   
Utilities                                                     12.6%
                                                                   
Health Care                                                   11.8%
                                                                   
Oil & Gas                                                     10.7%
                                                                   
Telecommunications                                             9.2%
                                                                   
Financials                                                     7.1%
                                                                   
Technology                                                     2.0%
                                                                   
Basic Materials                                                1.3%
                                                                   
                                                             100.0%

Statistics

Total Gross Assets (£m)              215.4     Dividend (p)               35.00
                                                                               
Ordinary Shares:                               Dividend Yield              2.9%
                                                                               
- Mid Market Price (p)            1,190.00     Asset Gearing*               116
                                                                               
- Net Asset Value with debt at    1,313.78     Asset Gearing*               116
par (p)                                                                        
                                                                               
- Net Asset Value with debt at    1,273.91     (excluding fixed interest       
fair value (p)                                 securities)                     
                                                                               
Discount (debt at par)                9.4%                                     
                                                                               
Discount (debt at fair value)         6.6%                                     

* 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. Royal Dutch Shell                                   5.6%               
                                                                          
2. Brit American Tobacco                               5.4%               
                                                                          
3. BP PLC                                              5.1%               
                                                                          
4. Reynolds American Inc                               5.0%               
                                                                          
5. GlaxoSmithKline                                     5.0%               
                                                                          
6. Imperial Tobacco                                    4.7%               
                                                                          
7. Vodafone                                            4.7%               
                                                                          
8. BT Group                                            4.6%               
                                                                          
9. Tesco                                               3.7%               
                                                                          
10. National Grid                                      3.5%               

Figures as at 30 September 2007

* Ordinary Shares unless stated otherwise

Ordinary Share Performance

                              Since 01/01/03     1 Year     3 Years     5 Years
                                           *                                   
                                                                               
Share Price                          +173.6%     +11.1%      +74.5%     +219.1%
                                                                               
NAV                                  +144.9%     +10.0%      +72.6%     +166.9%
                                                                               
Benchmark (FTSE All Share)           +105.4%     +12.2%      +60.6%     +117.0%

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

Figures supplied by Invesco Perpetual Marketing / Datastream = Total Return

                                                                 8 October 2007