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 - CORRECTION 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 1.5 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