Result of AGM

Keystone Investment Trust plc                         

HEADLINE: Annual General Meeting Results

At the Annual General Meeting of the Company held on 20 December 2011,
shareholders approved the following resolutions:

1. to receive the Directors' Annual Financial Report for the year ended 30
September 2011;

2. to declare a final dividend of 29p per ordinary share, which will be paid on
23 December 2011 to shareholders on the register on 25 November 2011;

3. to approve the Directors' Remuneration Report for the year ended 30
September 2011;

4. to re-elect Mrs Beatrice Hollond a Director of the Company;

5. to re-elect Mr David Adams a Director of the Company;

6. to re-elect Mr William Kendall a Director of the Company;

7. to re-elect Mr Peter Readman a Director of the Company;

8. to elect Mr John Wood a Director of the Company;

9. to re-appoint Ernst & Young LLP as Auditors and authorise the Directors to
determine their remuneration;

10. to renew the Directors' authority to allot new ordinary shares;

11. to renew the Directors' authority to allot new ordinary shares for cash
while disapplying pre-emption rights within parameters specified;

12. to renew the Directors' authority to purchase shares of the Company in the
market for cancellation within the parameters specified; and

13. that the period of notice required for general meetings of the Company
(other than AGMs) shall be no less than 14 days.

All Resolutions were passed on a show of hands. A breakdown of the proxy votes
registered is shown below.

         Resolution           Votes For       Votes Against      Votes Withheld
                                                                               
                    (including votes at                                        
                                                                               
                      the discretion of                                        
                                                                               
                          the Chairman)                                        

Ordinary resolutions:

                 1.           2,498,646                 107                 810
                                                                               
                 2.           2,495,682               3,071                 810
                                                                               
                 3.           2,481,458              10,259               7,846
                                                                               
                 4.           2,492,295               5,979               1,289
                                                                               
                 5.           2,466,326              25,336               7,901
                                                                               
                 6.           2,477,193              15,673               6,697
                                                                               
                 7.           2,420,760              70,902               7,901
                                                                               
                 8.           2,493,484               5,269                 810
                                                                               
                 9.           2,495,664               2,707               1,192

Special resolutions:

                10.           2,492,650               4,865               2,048
                                                                               
                11.           2,483,769               9,383               6,411
                                                                               
                12.           2,482,282              12,507               4,774
                                                                               
                13.           2,470,996              26,822               1,745
                                                                               

Total Voting Rights were 13,368,799.

Nira Mistry

Invesco Asset Management Limited, Secretaries

20 December 2011