Dividend

9October 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 current financial period
end30 September 2014, in line with the Prospectus, representing the excess net
profit for the period,as follows:

Ex Dividend Date      16 October 2014
Record Date           17 October 2014
Payment Date          31 October 2014
Dividend per Share    1.5758502 pence (Sterling)

For further information, please contact:

Numis Securities Limited:
Nathan Brown [phone]
Hugh Jonathan

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