Result of AGM

THE DIVERSE INCOME TRUST PLC (the “Company”)

Result of Annual General Meeting

The Company is pleased to announce that at the Annual General Meeting held on 10 October 2017 the following resolutions were passed on a show of hands:

Resolution 1 (ordinary resolution): To receive and adopt the Strategic Report, Reports of the Directors and Auditor and the audited financial statements for the year ended 31 May 2017.

Resolution 2 (ordinary resolution): To receive and approve the Directors’ Remuneration Report for the year ended 31 May 2017.

Resolution 3 (ordinary resolution): To approve the Directors’ Remuneration Policy.

Resolution 4 (ordinary resolution): To elect Mr Thomson as a Director of the Company.

Resolution 5 (ordinary resolution): To re-elect Mr Wrobel as a Director of the Company.

Resolution 6 (ordinary resolution): To re-elect Mr Craig as a Director of the Company.

Resolution 7 (ordinary resolution): To re-elect Ms Riches as a Director of the Company.

Resolution 8 (ordinary resolution): To re-elect Ms Tufnell as a Director of the Company.

Resolution 9 (ordinary resolution): To re-appoint Ernst & Young LLP as Auditor of the Company.

Resolution 10 (ordinary resolution): To authorise the Audit Committee to determine the Auditor’s remuneration.

Resolution 11 (ordinary resolution): To declare a final dividend of 0.80p per ordinary share for the year ended 31 May 2017.

Resolution 12 (ordinary resolution): To declare a special dividend of 0.40p per ordinary share for the year ended 31 May 2017.

Resolution 13 (ordinary resolution): To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006.

Resolution 15 (special resolution): To authorise the Directors to make market purchases of the Company’s own shares.

Resolution 16 (special resolution): To hold general meetings (other than annual general meetings) on 14 clear days’ notice.

A poll was called on Resolution 14 (special resolution): To authorise the Directors to allot ordinary shares for cash pursuant to Sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights. The results of the poll were as follows:

	Votes For		Votes Against		Votes withheld
	Votes	% Votes Cast	Votes	% Votes Cast
Resolution 14	93,421,390	60.76	60,334,120	39.24	23,920

Accordingly, Resolution 14 was declared not carried.

The proxy votes received in relation to the resolutions passed on a show of hands were as follows:

Resolutions	Votes For	Votes Against	Votes at Chairman’s Discretion	Votes Withheld
Resolution 1	153,596,204	128,300	20,858	Nil
Resolution 2	153,643,251	59,690	20,858	21,563
Resolution 3	153,641,985	76,961	20,858	5,558
Resolution 4	153,596,204	56,335	20,858	71,965
Resolution 5	153,596,204	56,335	20,858	71,965
Resolution 6	153,074,530	81,335	20,858	568,639
Resolution 7	152,101,606	1,550,933	20,858	71,965
Resolution 8	153,596,204	56,335	20,858	71,965
Resolution 9	128,516,002	76,335	20,858	25,132,167
Resolution 10	153,650,898	56,335	20,858	17,271
Resolution 11	153,724,504	Nil	20,858	Nil
Resolution 12	153,724,504	Nil	20,858	Nil
Resolution 13	153,695,967	10,000	20,858	18,537
Resolution 15	153,691,016	14,951	20,858	18,537
Resolution 16	152,081,769	1,541,867	20,858	100,868

The Directors note that Resolution 14 was not carried. Whilst over 60% of votes were in favour of the Resolution, as a special resolution this Resolution required a 75% vote in favour to be passed.

The Board put forward the Resolution in light of the changes to the Prospectus Regulation which came into force on 20 July 2017. This increased the threshold, over a 12-month period, from 10% to 20%, before an issuer would be required to publish a prospectus. The Pre-Emption Group* has confirmed that it continues to support the current overall limit of 10% and accordingly a number of shareholders have voted against Resolution 14. The Board anticipates holding a further General Meeting, at no cost to the Company, on 15 November 2017 at which it will seek authority to allot up to 10% of its issued share capital other than by way of pre-emption. Such a resolution has carried in previous years.

A copy of the full text of Resolutions 13, 15 and 16 will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

The presentation by Gervais Williams of Miton Asset Management Limited is available on the Company's website at www.mitongroup.com/dit.

_{* The Pre-Emption Group issues best practice documents regarding the disapplication of pre-emption rights.}