The Diverse Income Trust Plc – Result of First General Meeting

PR Newswire

LONDON, United Kingdom, May 12

Result of First General Meeting

This announcement and the information contained in it are not for release,
publication or distribution, directly or indirectly, in whole or in part, in or
into, the United States of America (including its territories and possessions,
any state of the United States and the District of Columbia), Australia, Canada,
Japan, New Zealand, the Republic of South Africa, in any member state of the EEA
or in any other jurisdiction in which the same would be unlawful.

12 May 2026

The Diverse Income Trust plc

(the “Company”)

Results of First General Meeting

In connection with the proposals for the voluntary liquidation of the Company by
way of a scheme of reconstruction pursuant to section 110 of the Insolvency Act
1986 (the “Scheme”), the Board is pleased to announce that the Resolutions which
were put forward at the First General Meeting held today have been approved by
Shareholders on a show of hands.

Details of the number of proxy votes cast for, against and withheld in respect
of the resolutions are set out below and will also be published on the Company’s
website:

1As a percentage of total voting rights

The number of Ordinary Shares in issue at the date of this announcement is
163,570,773. There are no Ordinary Shares held in treasury. Therefore, as at the
date of this announcement the number of voting rights in the Company are
163,570,773.

The full text of the Resolutions can be found in the notice of First General
Meeting contained in the Company’s circular to Shareholders dated17 April
2026(the “Circular”). The Circular is available for viewing at the National
Storage Mechanism which can be located
at:https://data.fca.org.uk/#/nsm/nationalstoragemechanismand on the Company’s
website at: https://www.diverseincometrust.com/documents/

Results of Scheme Elections

The Board also announces the following Elections in connection with the Scheme:

· Rollover Option: 88,696,068 Ordinary Shares / 54.2 per cent. of issued share
capital, which will be reclassified as Reclassified Shares with “A” rights,
being the right to receive Sub-Fund Shares; and
· Cash Option: 74,874,705 Ordinary Shares / 45.8 per cent. of issued share
capital, which will be reclassified as Reclassified Shares with “B” rights,
being the right to receive cash.

In accordance with the Scheme, eligible Shareholders that made no Election (and
satisfied the KYC Requirements) have been deemed to have elected for the
Rollover Option. Ordinary Shareholders who did not satisfy the KYC Requirements
or who are otherwise Restricted Shareholders, have been deemed to have elected
for the Cash Option.

In accordance with the timetable, the Ordinary Shares were disabled for
settlement in CREST from6:00 p.m.on8 May 2026and trading was suspended from7.30
a.m.on11 May 2026.

Expected Timetable

2026
Calculation Date 11.59 p.m. on 23 June
Latest time and 10.00 a.m. on 24 June
date for receipt
of proxy
appointments
from
Shareholders for
the Second
General Meeting
Reclassification 8.00 a.m. on 25 June
of the Ordinary
Shares
Suspension of 7.30 a.m. on 26 June
dealings in
Reclassified
Shares
Second General 10.00 a.m. on 26 June
Meeting
Appointment of 26 June
the Liquidators
Effective Date 26 June
and Transfer
Agreement
executed and
implemented
Sub-Fund Shares 26 June
issued pursuant
to the Scheme
First day of 29 June
dealing in Sub
-Fund Shares
Contract notes As soon as practicable
expected to be following the Effective Date
despatched in
respect of Sub
-Fund Shares
issued pursuant
to the Scheme
Cheques expected Expected to be around10
to be despatched Business Days from the
and CREST Effective Date
payments made to
Shareholders in
respect of the
Cash Option
Cancellation of After the Effective Date
listing of
Reclassified
Shares

The times and dates set out in the expected timetable of events above and
mentioned throughout this announcement may be adjusted by the Company in which
event details of the new times and dates will be notified, as requested, to the
Financial Conduct Authority, the London Stock Exchange and, where appropriate,
Shareholders. All references to time in this announcement are to UK time.

Defined terms used in this announcement shall, unless the context requires
otherwise, have the meanings ascribed to them in the Circular.

Enquiries

The Diverse Income Contact via Panmure Liberum Limited
Trust plc

Andrew Bell, Chair

Premier Miton Group 0333 456 4560
plc

Gervais Williams,
Martin Turner, Claire
Long

Panmure Liberum 020 3100 2000
Limited

Alex Collins, Tom
Scrivens, Ashwin Kohli

LEI:2138005QFXYHJM551U45

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