Holding(s) in Company

Headline: Holding in Company

            Schedule 10 - Notification of Major Interests in Shares            

1. Name of Company

KEYSTONE INVESTMENT TRUST PLC

2. Name of shareholder having a major interest

MERRILL LYNCH INVESTMENT MANAGERS LIMITED

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18:

NOTIFICATION IS IN RESPECT OF THE SHAREHOLDER NAMED IN 2 ABOVE

4. Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:

5. Number of shares/amount of stock acquired:

N/A

6. Percentage of issued class:

N/A

7. Number of shares/amount of stock disposed:

140,148

8. Percentage of issued class:

1.05%

9. Class of security:

ORDINARY SHARES

10. Date of Transaction:

N/A

11. Date company informed:

28 OCTOBER 2004

12. Total holding following this notification:

274,999

13. Total percentage holding of issued class following this notification:

2.057%

14. Contact name for queries:

JO TURNER

15. Contact telephone number:

0207 065 3691

16. Name of company official responsible for making notification:

KERSTIN RUCHT

FOR INVESCO ASSET MANAGEMENT LIMITED - SECRETARIES

17. Date of notification:

29 OCTOBER 2004

Additional Information

The notification followed a request for confirmation of the number of shares
held in the Company for inclusion in the Company's annual report for the year
ended 30 September 2004.

The holding is no longer notifiable.