Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer             The Diverse Income Trust plc                         
of existing shares to which voting rights are                                           
attached:                                                            
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):              
                                                                                        
An acquisition or disposal of voting rights                                            x
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
3. Full name of person(s) subject to the                 Wirral Borough Council as
notification obligation:                                 administering authority for      
                                                         Merseyside Pension Fund                     
                                                                  
4. Full name of shareholder(s)                                                          
 (if different from 3.):                                                                
                                                                                        
5. Date of the transaction and date on                           19/07/12        
which the threshold is crossed or                                                       
reached:                                                                                
                                                                                        
6. Date on which issuer notified:                                04/09/12        
                                                                                        
7. Threshold(s) that is/are crossed or                   Crossed a full percentage
reached:                                                 point over 3% holding

8. Notified details:                                                                               
                                                                                                   
A: Voting rights attached to shares                                                                
                                                                                                   
Class/type   Situation previous           Resulting situation after the triggering transaction     
of           to the triggering                                                                     
shares       transaction                                                                           
                                                                                                   
                                                                                                   
if possible    Number           Number      Number      Number of voting        % of  voting rights    
using          of               of          of shares   rights                                        
the ISIN       Shares           Voting                                                               
CODE                            Rights                                                               
                                            Direct      Direct      Indirect    Direct    Indirect     
                                                                                                   
                                                                                                   
GB00B7ZZ0Y29/  10,000,000       10,000,000  20,000,000  20,000,000              12.5%                  
GB00B65TLW28                                                                                                      
                                                                                      
                                                                                                   
B: Qualifying Financial Instruments                                                                
                                                                                                   
Resulting situation after the triggering transaction                                               
                                                                                                   
Type of        Expiration         Exercise/           Number of voting              % of voting    
financial      date               Conversion Period   rights that may be            rights         
instrument                                            acquired if the                              
                                                      instrument is                                
                                                      exercised/ converted.                        
                                                                                                   
                                                                                                   
                                                                                                   
                                                                                                   
                                                                                                   
C: Financial Instruments with similar economic effect to Qualifying Financial                      
Instruments                                                                                        
                                                                                                   
Resulting situation after the triggering transaction                                               
                                                                                                   
Type of       Exercise price  Expiration Exercise/   Number of voting rights    % of voting rights 
financial                     date       Conversion  instrument refers to                          
instrument                               period                                                    
                                                                                                   
                                                                                                   
                                                                                Nominal    Delta       
                                                                                                   
                                                                                                   
                                                                                                   
Total (A+B+C)                                                                                      
                                                                                                   
Number of voting rights                          Percentage of voting rights                       
                                                                                                   
20,000,000                                       12.5%                                             
                                                                                                   


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                              
                                                                                        
                                                                                        
Participation in the C share offering resulting in an additional 10,000,000             
shares being purchased.                                                                 
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
13. Additional information:                                                             
                                                                                        
14. Contact name:                                                  Craig Cole           

15. Contact telephone number:                                      0151 242 1318