Dividend

11 December 2014

                 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 57984 and registered as a Registered Closed-ended Collective Investment
Scheme with the Guernsey Financial Services Commission)

Re: Dividend Announcement

The Directors of TwentyFour Select Monthly Income Fund Limited have declared
that a dividend will be payable in respect of the month end 30 November 2014 as
follows:

Ex Dividend Date     18 December 2014

Record Date          19 December 2014

Payment Date         31 December 2014

Dividend per Share   0.50 pence (Sterling)

For further information, please contact:

Numis Securities Limited:
Nathan Brown [phone]
Hugh Jonathan

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