12 January 2017

                                 UK Mortgages 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 60440 and registered as a Registered Closed-ended Collective Investment
    Scheme with the Guernsey Financial Services Commission)

    Re:      Dividend Announcement

    The Directors of UK Mortgages Limited have declared that a dividend will be
    payable in respect of the second interim period as follows:

    Ex Dividend Date                       19 January 2017                       
                                                                                 
    Record Date                            20 January 2017                       
                                                                                 
    Payment Date                           31 January 2017                       
                                                                                 
    Dividend per Share                     0.015 pence (Sterling)                

    For further information, please contact:

    Numis Securities Limited:
    Nathan Brown             +44 (0)20 7260 1000
    Hugh Jonathan

    TwentyFour Income Fund Limited:
    John Magrath              +44 (0)20 7015 8900
    Alistair Wilson