Director/PDMR Shareholding

10 March 2016

TWENTYFOUR 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 56128 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Directors’ Shareholdings

TwentyFour Income Fund Limited (the “Company”) hereby announces that, pursuant to the conditional placing by Numis Securities Limited of New Ordinary Shares described in the prospectus dated 29 January 2016, the Company was notified in accordance with DTR 3.1.2 R that Trevor Ash (non-executive director and Chairman of the Company) and Ian Burns (non-executive director and Chairman of the Audit Committee of the Company) had each made the following purchases:

Trevor Ash purchased 19,495 ordinary shares of 1p each in the capital of the Company (“Ordinary Shares”) on 8 March 2016 at 102.59 pence per Ordinary Share.  Following this purchase, Mr Ash now holds 49,495 Ordinary Shares, representing approximately 0.02% of the Company’s issued ordinary share capital.

Ian Burns purchased 29,242 Ordinary Shares on 8 March 2016 at 102.59 pence per Ordinary Share.  Following this purchase, Mr Burns now holds 29,242 Ordinary Shares, representing approximately 0.01% of the Company’s issued ordinary share capital.

Enquiries:
Company website:  www.twentyfourincomefund.com

Rebecca Booth
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel:          [phone]
Email:[e-mail]