Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                                   
                                                                                                 
                                                                                                 
1. Identity of the issuer or the underlying issuer                                               
of existing shares to which voting rights are                                                    
attached:                                                                      The Diverse Income Trust plc
                                                              
                                                                                                 
2 Reason for the notification (please tick the appropriate box or boxes):                        
                                                                                                 
An acquisition or disposal of voting rights                                                 X
                                                                                                 
An acquisition or disposal of qualifying financial instruments which may result                  
in the acquisition of shares already issued to which voting rights are attached                  
                                                                                                 
An acquisition or disposal of instruments with similar economic effect to                        
qualifying financial instruments                                                                 
                                                                                                 
An event changing the breakdown of voting rights                                                 
                                                                                                 
Other (please specify):                                                                          
                                                                                                 
                                                                                                 
3. Full name of person(s) subject to the                                Investec Wealth & Investment Limited
notification obligation:                                                                         
                                                                                                 
4. Full name of shareholder(s)                                                          N/A                 
 (if different from 3.):                                                                         
                                                                                                 
5. Date of the transaction and date on                                           18th December 2012         
which the threshold is crossed or                                                                
reached:                                                                                         
                                                                                                 
6. Date on which issuer notified:                                                19th December 2012         
                                                                                                 
7. Threshold(s) that is/are crossed or                                           From 10% to 12%           
reached:                                                                                         
                                                                                                 
8. Notified details:
     
A: Voting rights attached to shares

Class/type     Situation previous       Resulting situation after the triggering transaction          
of             to the triggering
shares         transaction
 
if possible    Number       Number      Number       Number of voting      % of voting rights
using          of           of          of shares    rights                                      
the ISIN       Shares       Voting                                                                           
CODE                        Rights                                                                           
                                        Direct       Direct    Indirect    Direct    Indirect    

Ordinary       17,004,520   17,004,520                         17,004,520            7.78%       
Shares
GB00B65TLW28  
                                                                                                          
C Shares       0            0                                  10,849,244            4.97%       
GB00B84G6012



B: Qualifying Financial Instruments
 
Resulting situation after the triggering transaction


Type of        Expiration       Exercise/              Number of voting           % of voting    
financial      date             Conversion Period      rights that may be         rights         
instrument                                             acquired if the                           
                                                       instrument is                             
                                                       exercised/ converted.                     
                                                                                                                        

     
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments     
     
Resulting situation after the triggering transaction
     
Type of       Exercise price   Expiration date   Exercise/           Number of voting rights    % of voting      
financial                                        Conversion period   instrument refers to       rights           
instrument                                                                                   Nominal   Delta


Total (A+B+C)

Number of voting rights                        Percentage of voting rights                          

27,853,764                                              12.75%                                               
                                                                                                                        
9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                              
                                                                                        
Client holdings registered in the name of Nominee companies 100% owned by               
Investec Wealth & Investment Limited.                                                   
                                                                                        

Proxy Voting:                                                                           
                                                                                        
10. Name of the 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:                             N/A                             
                                                                                        
14. Contact name:                                       Phil Beardwell Chartered FCSI                                
                                                        Senior Compliance Manager       

15. Contact telephone number:                           020 7597 1356