Holding(s) in Company

TR-1: Notifications of Major Interests in Shares
                                                

 

1. Identity of the issuer or the underlying issuer of existing               
shares to which voting rights are attached:                                  
                                                               DIVERSE INCOME
                                                               TRUST PLC     
                                
2. Reason for notification (yes/no)                                          
                                                                           
An acquisition or disposal of voting rights                               NO 
                               
An acquisition or disposal of financial instruments which may result in      
the acquisition of shares already issued to which voting rights are          
attached                                                                                                                                                                                                                         
An event changing the breakdown of voting rights                             
                                                                            
Other (please specify): CONVERSION OF 'C' SHARES TO ORDINARY SHARES.      YES
                                                                             
THE CONVERSION OF THE 'C' SHARES TO ORDINARIES GIVES US A TOTAL HOLDING      
OF THE ORDINARIES OF 3,883,600 SHARES, WHICH IS A 2.48% HOLDING.  THIS IS    
NOW OUR ONLY HOLDING IN THE DIVERSE INCOME TRUST.                            
 
                                                                            

3. Full name of person(s) subject to notification   CITY OF BRADFORD         
obligation:                                         METROPOLITAN DISTRICT    
                                                    COUNCIL                  
                                                                             
4. Full name of shareholder(s) (if different from                            
3):                                                                          
                                                                             
                                                                             
5. Date of transaction (and date on which the       02.10.12                 
threshold is crossed or reached if different):                               
                                                                            
                                                                             
6. Date on which issuer notified:                   06.11.12                 
                                                                             
                                                                           
7. Threshold(s) that is/are crossed or reached:     3%                       
                                                                             

8: Notified Details                                                          
                                                                             
A: Voting rights attached to shares                                          
                                                                                                                                                         
Class/type   Situation previous to the Resulting situation after the         
of shares    triggering transaction    triggering transaction                
                                                                             
If possible  Number of  Number of      Number Number of       Percentage of  
use ISIN     shares     voting rights  of     voting rights   voting rights  
code                                   shares                                
   
                                              Direct Indirect Direct Indirect
                                                                             
GB00B7ZZ0Y29 2,000,000  2,000,000      NIL    NIL    NIL      NIL    NIL     


B: Financial Instruments                                                     
                                                                            
Resulting situation after the triggering transaction                         
                                 
Type of     Expiration Exercise/    No. of voting rights that may  Percentage
financial   date       conversion   be acquired (if the instrument of voting 
instrument             period/date  exercised/converted)           rights    
                                                                             

Total (A+B)                                                                  
                                                                           
Number of voting rights             Percentage of voting rights              
                                                                    
NIL                                 NIL                                      
                                                                             

9. Chain of controlled undertakings through which the voting rights and /or  
the financial instruments are effectively held, if applicable:               
                                                                                                                                             
CONVERSION OF 'C' SHARES TO ORDINARY SHARES ON 02.10.12                      
  
                                                                           
Proxy Voting:                                                                
                   
10. Name of proxy holder:                                                 N/A
                                                                             
                                                                            
11. Number of voting rights proxy holder will cease to hold:              N/A

                                                                             
12. Date on which proxy holder will cease to hold voting rights:          N/A
                                                                             


13. Additional information:                                                  
                                                                             
                                                                            
14. Contact name:                              PATRICIA ROBERTSHAW           
                                                                             
                                                                           
15. Contact telephone number:                  01274 433563