Tender Results

5 January 2015

TwentyFour Select Monthly Income Fund Limited

(a non-cellular company limited by shares incorporated in the Island of
Guernsey under the Companies (Guernsey) Law 2008, as amended, with registered
number 57985 and registered as a Registered Closed-ended Collective Investment
Scheme with the Guernsey Financial Services Commission)

Re: Tender Results

The Directors of TwentyFour Select Monthly Income Fund Limited wish to declare
that the following in relation to the Company's quarterly tender for the
period ending 31 December 2014 (the "Tender NAV Determination Date"):

- Net Asset Value per Ordinary Share as at the Tender NAV Determination Date:

93.93 pence per Ordinary Share

- Number of Placed Tendered Shares:

18,769 Shares

- Average price achieved in the placing of Placed Tendered Shares:

96.75 pence per Ordinary Share

- Number of Repurchased Tendered Shares:

None - not applicable

- Price at which Tendered Shares will be placed or repurchased (being a pro
rata proportion of the aggregate proceeds received on the sale or repurchase
of all Placed Tendered Shares and Repurchased Tendered Shares):

96.75 pence per Ordinary Share

- Pro Rata Scaling Back due to aggregate Tender Requests exceeding Quarterly
Restriction/Annual Restriction:

None - not applicable


For further information, please contact:

Numis Securities Limited:
Nathan Brown [phone]
Hugh Jonathan

TwentyFour Select Monthly Income Fund Limited:
John Magrath [phone]
Alistair Wilson