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 Income    
of existing shares to which voting rights are                         Fund Limited            
attached:ii                                                                             
                                                                                        
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                  X    
                                                                                        
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                   Investec Wealth & Investment 
notification obligation:iii                                           Limited           
                                                                                        
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                                20th October 2014      
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                21st October 2014      
                                                                                        
7. Threshold(s) that is/are crossed or                            From 13% to 14%       
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 using       Number     Number      Number    Number of voting  % of  voting    
the ISIN CODE           of         of          of shares rights            rights x        
                        Shares     Voting                                                  
                                   Rights      Direct    Direct Indirect   Direct Indirect 
                                                         xi     xii                        
                                                                                           
                                                                                           
Ordinary Shares         36,819,168 36,819,168                   41,141,211        14.44%   
GG00B90J5Z95                                                                               
                                                                                           
                                                                                           
                                                                                           
                                                                                           
                                                                                           
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   rights that may be    rights     
                                      xiv                 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 financial        Exercise  Expiration Exercise/  Number of voting    % of voting   
instrument               price     date xvii  Conversion rights instrument   rights xix, xx
                                              period     refers to                         
                                              xviii                                        
                                                                                           
                                                                                           
                                                                             Nominal Delta   
                                                                                           
                                                                                           

Total (A+B+C)                                                                              
                                                                                           
Number of voting rights                             Percentage of voting rights            
                                                                                           
41,141,211                                          14.44%                                 
                                                                                           


 

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