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Diverse Inc Trust (DIVI)

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Wednesday 12 December, 2012

Diverse Inc Trust

C Share Issue


The Diverse Income Trust plc (the "Company")

12 December 2012

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 Open Offer, Placing
and Offer for Subscription by the Company, applications have been received
under the Open Offer for 5,675,768 C Shares, under the Placing for 52,940,182 
C Shares and under the Offer for Subscription for 3,384,050 C Shares, at an issue
price of 50p each, raising an aggregate of £31 million of gross proceeds for
the Company.

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 17 December 2012. The expected Net Asset Value per C Share at
Admission will be 48.75 pence.

The ticker symbol for the Company's C Shares will be 'DIVC' (ISIN:
GB00B84G6012). 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  
                                                                               
                                                          +44 (0)7798 626282

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