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   
of existing shares to which voting rights are                      Monthly Income Fund  
attached:ii                                                                             
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                          YES
                                                                                        
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                   PREMIER FUND MANAGERS LIMITED
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                                          
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                   12/09/2014          
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                   15/09/2014          
                                                                                        
7. Threshold(s) that is/are crossed or                               8% to 9%           
reached: vi, vii                                                                        
                                                                                        

8. Notified details:                                                                                                     
                                                                                                                         
A: Voting rights attached to shares viii, ix                                                                                                                            
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                  x                   
the ISIN     Shares                   Voting                                                                          
CODE                                  Rights                                                                          
                                                               Direct     Direct xi  Indirect xii Direct  Indirect    
                                                                                                                                                                                                                                               
             10,805,000               10,805,000               11,630,000 11,630,000              9.64%
GG00BJVDZ946                                                                          
                                                                                                                                                                                                                                                  
B: Qualifying Financial Instruments                                                                                                                              
Resulting situation after the triggering transaction                                                                     
                                                                                                                         
Type of        Expiration                 Exercise/                         Number of voting            % of voting   
financial      date xiii                  Conversion Period xiv             rights that may be          rights        
instrument                                                                  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 price       Expiration Exercise/                 Number of voting rights     % of voting rights
financial                          date xvii  Conversion period xviii   instrument refers to        xix, xx           
instrument                                                                                                            
                                                                                                    Nominal  Delta       
                                                                                                                         
                                                                                                                         
Total (A+B+C)                                                                                                                                           
Number of voting rights                      Percentage of voting rights     

11,630,000                                   9.64%                          
                                                                                                                         

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                 
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
13. Additional information:                  Percentage based on Issued Share Capital of
                                                             120,585,900                
                                                                                        
14. Contact name:                                        Christopher du Toit            
                                                                                        
15. Contact telephone number:                            [phone]