Keystone Investment Trust plc
    LEI:5493002H3JXLXLIGC563

    Annual General Meeting Results

    At the Annual General Meeting of the Company held on 24 January 2017,
    shareholders approved the following resolutions:

     1. to receive the Annual Financial Report for the year ended 30 September
        2016;
       
     2. to approve the Directors' Remuneration Policy;
       
     3. to approve the Annual Statement and Report on Remuneration;
       
        4.       to re-elect Mrs Beatrice Hollond a Director of the Company;
       
        5.       to re-elect Mr Ian Armfield 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 re-elect Mr John Wood a Director of the Company;
       
        9.       to reappoint PricewaterhouseCoopers LLP as Auditor to the Company
        and authorise the Audit Committee to determine their remuneration;
       
        10.     to renew the Directors' authority to allot securities;
       
        11.     to renew the Directors' authority to allot securities for cash
        while disapplying pre-emption rights within parameters specified;
       
        12.     to renew the Directors' authority to purchase up to 14.99% of the
        Company's shares in the market 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 clear days.
       
        Resolutions 1 to 10 were passed on a show of hands, resolutions 11 to 13
        were passed on a poll.
       
    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.           1,996,114               2,046                 405
                                                                                   
                     2.           1,996,006               2,074                 485
                                                                                   
                     3.           1,996,290               2,074                 201
                                                                                   
                    4.*           1,313,157             685,261                 147
                                                                                   
                     5.           1,995,238               2,775                 552
                                                                                   
                     6.           1,778,088             219,925                 552
                                                                                   
                     7.           1,475,099             210,317             313,149
                                                                                   
                     8.           1,996,863               1,150                 552
                                                                                   
                     9.           1,998,161                   0                 405
                                                                                   
                    10.           1,996,450               2,022                  93

    The poll results are set out below.

    Special resolutions:

                    11.           1,995,066               2,259               1,241
                                                                                   
                    12.           1,993,949               2,225               2,391
                                                                                   
                    13.           1,956,264              41,146               1,156

    *The Board understands that the large vote against the Chairman derived from
    the corporate governance policies of certain institutional shareholders in
    relation to Board tenure. The Board firmly believes that a sufficient blend of
    skill and experience is currently exhibited by the Board as a whole, but
    accepts the call for further regeneration and will give more priority to
    consideration of the issue this year.

    The Company has 13,518,799 ordinary shares of 50p each in issue.  On a poll
    these carry one vote per £1 of nominal capital, accordingly Total Voting Rights
    were 6,759,399.  The above tables represent the number of votes registered. 
    The number of shares represented are twice the above numbers.

    Invesco Asset Management Limited

    Corporate Company Secretary

    24 January 2017