Start of Trading - The Diverse Income Trust

MAM FUNDS PLC ("the Company")

Start of trading for The Diverse Income Trust plc

MAM Funds plc ('MMF'), the AIM quoted fund management company is pleased to announce that, further to the announcement made on 3 March 2011, dealing in the shares of The Diverse Income Trust ("DIT") commenced today on the Official List of the Main Market of the London Stock Exchange.

The Placing and Offer completed on 21 April 2011 raised an aggregate of GBP50,000,000 of gross proceeds for DIT. The ticker symbol for DIT's Ordinary Shares will be 'DIVI' (ISIN: GB00B65TLW28).

For further information please contact:

MAM Funds plc

Gervais Williams [email protected] +44 (0)78 1133 1824

Arbuthnot Securities Limited (Nominated Adviser and Broker)

James Steel + 44 (0)20 7012 2000

Web: www.mamfundsplc.com