29 January 2016

    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)

    Director Purchase of Shares

    TwentyFour Select Monthly Income Fund Limited (the "Company") hereby announces
    that, on 29 January 2016, the Company was notified, in accordance with DTR
    3.1.2 R, that Ian Martin (non-executive director of the Company) had bought
    10,000 ordinary shares of the Company (the "Ordinary Shares") on 29 January
    2016 at 88.40 pence per Ordinary Share, representing approximately 0.01% of the
    Company's issued ordinary share capital (excluding treasury shares).  Following
    this purchase, Mr Martin now holds 35,000 ordinary shares in the Company,
    representing approximately 0.02% of the Company's issued ordinary share capital
    (excluding treasury shares).



    Enquiries:

    Rebecca Booth
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Tel:        +44 (0)1481 745189
    Email:   rb235@ntrs.com