Further Details of Possible C Share Issue

The Diverse Income Trust plc (the "Company") Further Details of Possible C Share Issue Further to the announcement on 31 March 2014 relating to a possible C share issue, the Board is pleased to announce that any issue of C shares will be made through a fully pre-emptive open offer. The Board currently expects that shareholders on the Company's register as at the record date will be entitled to subscribe for one C share for every three ordinary shares held at the record date. To the extent shareholders do not take up their entitlements for C shares, such C shares will be available to existing and new investors under a placing and offer for subscription. In the event the Company proceeds with the C share issue, the issue price of a C share will be 50 pence and the initial NAV per share will be a minimum of 48.75 pence. The Company is targeting to raise in excess of £30 million. The Board currently, taking into account the views of the Manager, considers any further C share fundraises unlikely based on the current and medium term investment outlook for the Company. The Company currently has a market capitalisation of £270 million and net assets of £265 million. Expected timetable: Publication of Prospectus End of May Closing and Admission Mid June Contact details: Miton Group plc: Gervais Williams Gervais.williams@mitongroup.com 07811 331 824 Martin Turner Martin.turner@mitongroup.com 020 3714 1517 David Barron David.barron@mitongroup.com 020 3714 1474 Cenkos Securities plc: Dion Di Miceli ddimiceli@cenkos.com 020 7397 1921 Sapna Shah sshah@cenkos.com 020 7397 1922 Chris Lunn clunn@cenkos.com 020 7397 1912
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