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