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Diverse Inc Trust (DIVI)

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Tuesday 26 March, 2013

Diverse Inc Trust

C Share Conversion


The Diverse Income Trust plc

Conversion of C Shares

Further to the Company's announcement on 7 March 2013 and as described in the
prospectus published on 20 November 2012, the C shares will be converted into
ordinary redeemable shares at the following rate calculated in accordance with
the Company's Articles of Association:

0.8417 ordinary redeemable shares for every C share (the "Conversion Ratio")

On the basis of the Conversion Ratio, a holder of 1,000 C shares will receive
841 ordinary redeemable shares.

Following conversion of the C shares, the enlarged number of ordinary
redeemable shares in issue will be 208,693,307.

The C shares will be delisted and cancelled with effect from 8.00 am on 
26 March 2013 and an application has been made for 52,185,329 new ordinary
redeemable shares to be admitted to the Official List and to trading on the
London Stock Exchange from the same time and date.

Share certificates in respect of new ordinary redeemable shares are expected to
be despatched in the week commencing 25 March 2013.

Enquiries:

Gervais Williams
Miton Group plc
[email protected]
078 1133 1824

Dion di Miceli
Cenkos Securities plc
[email protected]
020 7397 1921

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