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Diverse Inc Trust (DIVI)

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Friday 12 October, 2012

Diverse Inc Trust

Holding(s) in Company


TR-1: Notifications of Major Interests in Shares                               
                                                                               
                                                                               
1. Identity of the issuer or the underlying issuer           The Diverse Income Trust plc   
of existing shares to which voting rights are                               
attached:                                                                      
                                                                               
2. Reason for notification (yes/no)                                            

An acquisition or disposal of voting rights                            Yes         
                                                                               
An acquisition or disposal of financial instruments which may          No          
result in the acquisition of shares already issued to which voting             
rights are attached                                                            
                                                                               
An event changing the breakdown of voting rights                       No          
                                                                               
Other (please specify):______________                                  No          

                                                                               
3. Full name of person(s) subject to notification  MAM Funds plc               
obligation:                                                                    

                                                                               
4. Full name of shareholder(s) (if different from  See section 9 below         
3):                                                                            
                                                                               
                                                                               
5. Date of transaction (and date on which the                       11/10/2012                  
threshold is crossed or reached if different):                                 
                                                                               
6. Date on which issuer notified:                                   12/10/2012                  
                                                                               
7. Threshold(s) that is/are crossed or reached:               Was 12.09%, Now  11.85%     
                                                                               
8: Notified Details                                                            
                                                                               
A: Voting rights attached to shares                                            
                                                                               
Class/type       Situation previous to     Resulting situation after the triggering    
of shares        the triggering            transaction                                 
                 transaction                                                       
If possible                                                                    
use ISIN         Number of    Number of    Number of  Number of voting    Percentage of  
code             shares       voting       shares     rights              voting rights  
                              rights                                                 

                                                      Direct  Indirect    Direct   Indirect
                                                                               
GB00B65TLW28     18,921,700   18,921,700   18,551,700 n/a     18,551,700  n/a      11.85%     
                                                                               
 
B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of     Expiration Exercise/    No. of voting rights that may   Percentage 
financial   date       conversion   be acquired (if the instrument  of voting  
instrument             period/date  exercised/converted)            rights     
                                                                               
n/a         n/a        n/a          n/a                             n/a        
                                                                               

C: Financial Instruments with similar economic effect to Qualifying         
Financial Instruments                                                       
                                                                            
Resulting situation after the triggering transaction                        
                                                                            
Type of    Exercise Expiration Exercise/  Number of voting     % of voting  
financial  price    date       Conversion rights instrument    rights       
instrument                     period     refers to                         
                                                                            
                                                               Nominal   Delta
                                                                            
Total (A+B+C)                                      
                                                   
Number of voting rights Percentage of voting rights
                                                   
18,551,700              11.85%                     
 

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
CF Midas Growth Fund        Bank of New York Nominees Ltd a/c 392512  3,630,000
                                                                               
CF Midas Income Fund        Bank of New York Nominees Ltd a/c 392513  6,000,000
                                                                               
CF Miton Special Situations Bank of New York Nominees Ltd a/c 392474  5,860,850
                                                                               
Segregated Account          Bank of New York Nominees Ltd a/c 156547  1,318,520
                                                                               
Midas Income & Growth Trust State Street Nominees Ltd a/c XCE3        1,318,520
                                                                               
Segregated Account          Bank of New York Nominees Ltd a/c 318901    423,810
                                                                               

Proxy Voting:                                                       
                                                                    
10. Name of proxy holder:                                                   n/a
                                                                        
11. Number of voting rights proxy holder will cease to hold:                n/a
                                                                    
12. Date on which proxy holder will cease to hold voting rights:            n/a

13. Additional                                            Midas Capital Partners Ltd and Miton Asset Management Ltd 
information:                                              are both subsidiaries of MAM Funds plc
                                                                               
14 Contact name:                                          Ian Borrows                                                  
                                                                               
15. Contact telephone name:                               0151 906 2476

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