Issue of Equity

3 March 2016

TwentyFour Income Fund Limited

(“TFIF” or the “Company”)

Issue of equity

TwentyFour Income Fund Limited (LSE: TFIF) is pleased to announce that 400,000 new ordinary redeemable shares of 1p each in the capital of the Company were issued today at a price of 102.59 pence per share (the “New Shares”), raising £410,360 (before costs and expenses).  The New Shares rank pari passu with the existing ordinary redeemable shares in issue.  The issue price equates to a 1.6 per cent. premium to NAV of 103.58 pence per share as at 26 February 2016 less the interim dividend of 2.64 pence per share

Following this issue, the Company’s issued share capital comprises 315,420,417 ordinary shares.  This figure of 315,420,417 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in the Company under the FCA’s Disclosure and Transparency Rules.

Applications will be made for the New Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities. Admission is expected to become effective, and dealings in the New Shares are expected to commence, at 8.00 a.m. on 8 March 2016.

For further information, please contact:

TwentyFour Income Fund Limited John Magrath Alistair Wilson	[phone]
Numis Securities Limited Nathan Brown Hugh Jonathan	[phone]