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Diverse Inc Trust (DIVI)

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Monday 16 July, 2012

Diverse Inc Trust

C Share Issue


The Diverse Income Trust plc (the "Company")

16 July 2012

THE DIVERSE INCOME TRUST GROWS ITS NET ASSETS TO 
CIRCA £80 MILLION WITH C SHARE ISSUE

Following the recent announcement of a C Share issue the Board of The Diverse
Income Trust plc is pleased to announce that further to the Placing and Offer
for Subscription by the Company, applications have been received under the
Placing for 53,905,400 C Shares and under the Offer for Subscription for
6,094,600 C Shares, at an issue price of 50p each, raising an aggregate of 
£30 million of gross proceeds for the Company.

Michael Wrobel, Chairman of The Diverse Income Trust plc, commented

"The Board of the Diverse Income Trust remains wholly focused on maximising
risk-adjusted returns for shareholders. Following this successful C share
issue, it is pleasing to note that both the existing and the new shareholders
can look forward to a reduction in the Total Expense Ratio and the added market
liquidity of the enlarged Trust."

Gervais Williams, Lead Fund Manager of The Diverse Income Trust plc added

"I am delighted with the enthusiasm shown by investors in supporting the C
Share issue. Multi-cap investments with good and growing income are attracting
growing investor interest. Not only do they offer greater added value through
stock-picking,but also more scope for genuine portfolio diversificationin these
volatile and challenging investment markets."

Application has been made to the UK Listing Authority for all of the C Shares
to be issued pursuant to the Issue to be admitted to the premium segment of the
Official List and to the London Stock Exchange for such C Shares to be admitted
to trading on the London Stock Exchange's main market for listed securities.

It is expected that Admission will become effective and dealings will commence
at 8.00am on 19 July 2012. The expected Net Asset Value per C Share at
Admission will be 48.8 pence.

The ticker symbol for the Company's C Shares will be 'DIVC' 
(ISIN: GB00B7ZZ0Y29). The terms and timing of the conversion of the 
C Shares into Ordinary Shares will be announced in due course.

For further information please contact:

MAM Funds plc:

Gervais Williams              
[email protected] 
+44 (0)78 1133 1824

Cenkos Securities plc

Chris Lunn 
[email protected] 
+44 (0)20 7397 1912

Dion Di Miceli 
[email protected] 
+44 (0)20 7397 1921

MHP Communications

Email: [email protected]

Gay Collins 
[email protected] 
+44 (0)20 3128 8582
+44 (0)7798 626282

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