Purchase of Own Shares

Mercury Keystone Inv Trust PLC
17 July 2000


MERCURY KEYSTONE INVESTMENT TRUST plc

PURCHASE OF OWN ORDINARY SHARES IN THE MARKET
         

1. Date of the purchase:                       14th July 2000


2. Number of Ordinary Shares purchased:        25,000  
   

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:    14,200,562   

5. Name of contact for queries:  Ms K Rucht
                                 020 7220 5466

6. Name of authorised Company official responsible for this      
   notification: Ms K Rucht
                 for Mercury Asset Management 
                 Group Services Ltd
                 Secretary

7. Date of Notification:         14th July 2000