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Diverse Inc Trust (DIVI)

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Monday 19 May, 2014

Diverse Inc Trust

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 [email protected] 07811 331 824
Martin Turner [email protected] 020 3714 1517
David Barron [email protected] 020 3714 1474

Cenkos Securities plc:

Dion Di Miceli [email protected] 020 7397 1921
Sapna Shah [email protected] 020 7397 1922
Chris Lunn [email protected] 020 7397 1912

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