Result of General Meeting

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)

(the “Company”)

Result of General Meeting

17 December 2015

At the General Meeting held on 16 December 2015, the Extraordinary Resolutions and Special Resolution set out in the circular to Shareholders dated 26 November 2015 (the “Circular”) were duly passed.

The proxy votes received on each resolution proposed at the General Meeting were as follows. A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.

Resolution		For	Against	Vote Withheld
1	Disapplication of Pre-emption Rights on Share Issues	146,374,708	149	0
2	Changes to the Investment Policy	146,349,257	25,600	0
3	Changes to the Articles	146,374,857	0	0

In accordance with Listing Rule 9.6.2, copies of the Extraordinary Resolutions and Special Resolution passed at the General Meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk.NSM

As stated in the Circular, the Board intends following the passing of the Extraordinary Resolutions and Special Resolution to implement a transaction in the first quarter of 2016 with the following options for Shareholders:

• to retain their current investment in the Company;

• to increase their investments in the Company through an open offer of new Ordinary Shares, which will be supplemented by a placing and offer for subscription for new investors; or

• to realise all or part of their investment.

Those Shareholders wishing to realise all or part of their investment in the Company will be able to elect to do so via an election form that will be posted to them. Such elections will initially be satisfied by their Ordinary Shares being redeemed by the Company at a 1 per cent. discount to NAV, funded by the net proceeds of the proposed fund raising. Any Ordinary Shares elected for realisation and not redeemed by the Company out of the net proceeds of the proposed fund raising would be converted to Realisation Shares and the underlying assets realised as set out in the Circular.

A further announcement will be made by the Company in due course.

Unless otherwise defined, terms used in this announcement have the same meaning as in the Circular.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: [phone]