Further Details of Possible C Share Issue

The Diverse Income Trust plc(the "Company")

Possible C Share Issue to be made through a pre-emptive Open Offer

In relation to the possible C Share issue announced on 22 October 2012, the
Board has today resolved that any issue of C shares will be made through a
fully pre-emptive open offer, to ensure that any demand from shareholders on
the Company's register as at the record date takes priority. The Board
currently expects that any such pre-emptive open offer will be on the basis of
one C share for every two ordinary shares held by shareholders as at the record
date. To the extent shareholders do not take up their entitlement to C shares
under the open offer, such C shares would become available for purchase by
investors under a placing and offer for subscription.

In the event the Company proceeds with the C Share issue it is currently
envisaged that the timetable will be as follows:

                                                                                    2012

Record date for the Open Offer                                               19 November

Prospectus publication and Open Offer and Offer for Subscription commence    20 November

Open offer close                                                              6 December

Placing and Offer for Subscription close                                      7 December

Dealings in C Shares commence                                                17 December

The above dates are indicative at this stage and may be subject to change. The
Company is taking legal, tax and financial advice and will make a further 
announcement in due course.

For further information please contact:

MAM Funds plc

Gervais Williams [e-mail] [phone]

Cenkos Securities plc

Chris Lunn [e-mail] [phone]
Dion Di Miceli [e-mail] [phone]