TR-1: Notifications of Major Interests in Shares
1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached:
DIVERSE INCOME
TRUST PLC
2. Reason for notification (yes/no)
An acquisition or disposal of voting rights NO
An acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are
attached
An event changing the breakdown of voting rights
Other (please specify): CONVERSION OF 'C' SHARES TO ORDINARY SHARES. YES
THE CONVERSION OF THE 'C' SHARES TO ORDINARIES GIVES US A TOTAL HOLDING
OF THE ORDINARIES OF 3,883,600 SHARES, WHICH IS A 2.48% HOLDING. THIS IS
NOW OUR ONLY HOLDING IN THE DIVERSE INCOME TRUST.
3. Full name of person(s) subject to notification CITY OF BRADFORD
obligation: METROPOLITAN DISTRICT
COUNCIL
4. Full name of shareholder(s) (if different from
3):
5. Date of transaction (and date on which the 02.10.12
threshold is crossed or reached if different):
6. Date on which issuer notified: 06.11.12
7. Threshold(s) that is/are crossed or reached: 3%
8: Notified Details
A: Voting rights attached to shares
Class/type Situation previous to the Resulting situation after the
of shares triggering transaction triggering transaction
If possible Number of Number of Number Number of Percentage of
use ISIN shares voting rights of voting rights voting rights
code shares
Direct Indirect Direct Indirect
GB00B7ZZ0Y29 2,000,000 2,000,000 NIL NIL NIL NIL NIL
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
Total (A+B)
Number of voting rights Percentage of voting rights
NIL NIL
9. Chain of controlled undertakings through which the voting rights and /or
the financial instruments are effectively held, if applicable:
CONVERSION OF 'C' SHARES TO ORDINARY SHARES ON 02.10.12
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 information:
14. Contact name: PATRICIA ROBERTSHAW
15. Contact telephone number: 01274 433563