Holding(s) in Company

For filings with the FCA include the annex                                              
For filings with issuer exclude the annex                                               
                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
 

1. Identity of the issuer or the underlying issuer        Twentyfour Select Monthly Income Fund   
of existing shares to which voting rights are attached:ii

2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                             
                                                                                        
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):                         Increase in Total Voting Rights        X
                                                                                        
3. Full name of person(s) subject to the           Investec Wealth & Investment Limited 
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                      N/A                 
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                             28th July 2014            
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                             30th July 2014            
                                                                                        
7. Threshold(s) that is/are crossed or                         From 4% to 3%            
reached: vi, vii                                                                        
                                                                                        
8. Notified details:                                                                   
                                                                                       
A: Voting rights attached to shares viii, ix                                           
                                                                                       
Class/type of    Situation previous  Resulting situation after the triggering          
shares           to the triggering   transaction                                       
                 transaction                                                           
                                                                                       
if possible      Number    Number    Number   Number of voting      % of  voting rights
using            of        of        of       rights                x                  
the ISIN CODE    Shares    Voting    shares                                            
                           Rights                                                      
                                     Direct   Direct   Indirect xii Direct   Indirect  
                                              xi                                       
                                                                                       
                                                                                       
                                                                                       
Ordinary Shares  4,650,200 4,650,200                   4,650,200             3.96%     
GG00BJVDZ946                                                                           
                                                                                       
                                                                                       
                                                                                       
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of financial  Expiration Exercise/              Number of voting       % of voting 
instrument         date xiii  Conversion Period xiv  rights that may be     rights      
                                                     acquired if the                    
                                                     instrument is                      
                                                     exercised/ converted.              
                                                                                        
                                                                                        

C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of    Exercise Expiration   Exercise/     Number of voting rights   % of voting    
financial  price    date xvii    Conversion    instrument refers to      rights xix, xx 
instrument                       period xviii                                           
                                                                                        
                                                                                        
                                                                         Nominal   Delta
                                                                                        
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                  Percentage of voting rights                    
                                                                                        
4,650,200                                3.96%                                          
                                                                                        

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
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                                         
                                                                                         
                                             Phil Beardwell Chartered FCSI               
14. Contact name:                            Senior Compliance Manager                   
                                                                                         
15. Contact telephone number:                020 7597 1356