Directorate Change

Keystone Investment Trust plc                         

HEADLINE: Appointment of Director

The Board of Keystone Investment Trust plc is pleased to announce the
appointment of Mr Egerton John Wood as a non-executive Director of the Company
with effect from 8 March 2011.

Mr Wood's last major role was as a fund manager at Artemis Investment
Management where he primarily managed institutional and hedge fund portfolios
invested in UK and Continental European securities for about five years up to
August 2009. Prior to this he was Head of UK Equities at Deutsche Asset
Management. He started his career in financial services in 1980 when he joined
S.G. Warburg & Co. Ltd.

Mr Wood read Philosophy, Politics and Economics at Trinity College, Oxford and
was awarded an MBA with high distinction from Harvard Business School in 1988.

He currently holds 1,000 ordinary shares of 50p each in Keystone Investment
Trust plc.

No information is to be disclosed for Mr Wood in respect of paragraphs 9.6.13
(2) - (6) of the Financial Services Authority's Listing Rules.

Kerstin Rucht

Invesco Asset Management Limited, Company Secretary

12 January 2011