Purchase of Own Shares

Mercury Keystone Inv Trust PLC
8 November 2000


MERCURY KEYSTONE INVESTMENT TRUST plc

PURCHASE OF OWN ORDINARY SHARES IN THE MARKET
         

1. Date of the purchase:                       7th November 2000


2. Number of Ordinary Shares purchased:        50,000  
   

3. Highest and lowest price paid per share:    1050p
                                               
                                                              
4. The issued share capital of the Company following this buy-back will be:

   Ordinary shares:    14,125,562   

5. Name of contact for queries:  Miss H Harvey
                                 020 7743 5307

6. Name of authorised Company official responsible for this      
   notification: Miss H Harvey
                 for Merrill Lynch Investment Managers
                 Group Services Limited
                 Secretary

7. Date of Notification:         7th November 2000