Interim Dividend

Keystone Investment Trust plc                         

HEADLINE: Interim Dividend

The Board of Keystone Investment Trust plc announces that an early interim
dividend will be paid before the end of the tax year on 5 April 2004.

This is to enable holders of the shares through PEPs and ISAs to take advantage
of their tax credits for one final time this year, as those tax credits are due
to be abolished with effect from the coming tax year.

The interim dividend will be based on 50% of last year's total dividends of
25.5p per ordinary share and will therefore amount to 12.75p per share.

Ex-dividend date Wednesday, 10 March 2004

Record date Friday, 12 March 2004

Payment date Friday, 2 April 2004

Kerstin Rucht

For and on behalf of

Keystone Investment Trust plc

2 March 2004