TWENTYFOUR SELECT MONTHLY INCOME FUND - Tender Results

PR Newswire
London, July 2

02 July 2015

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 57985 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Re: Tender Results

The Directors of TwentyFour Select Monthly Income Fund Limited wish to declare the following in relation to the Company's quarterly tender for the period ending 30 June 2015 (the "Tender NAV Determination Date"):

• Total number of Tendered Shares as at the Tender NAV Determination Date:
  5,023 Shares

• Number of Placed Tendered Shares:
  5,023 Shares

• Number of Repurchased Tendered Shares:
  None - not applicable

• Net Asset Value per Ordinary Share as at the Tender NAV Determination Date:
  96.84 pence per Ordinary Share

• Average price achieved in the placing of Placed Tendered Shares:
  98.25 pence per Ordinary Share (at a 1.46% premium to NAV as at the Tender NAV Determination Date)

• Price at which Tendered Shares will be placed or repurchased (being a pro rata proportion of the aggregate proceeds received on the sale or repurchase of all Placed Tendered Shares and Repurchased Tendered Shares):
  98.25 pence per Ordinary Share (at a 1.46% premium to NAV as at the Tender NAV Determination Date)

• Pro Rata Scaling Back due to aggregate Tender Requests exceeding Quarterly Restriction/Annual Restriction:
  None - not applicable

For further information, please contact:

Numis Securities Limited:
Nathan Brown [phone]
Hugh Jonathan

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