10 January 2017

                            TwentyFour Income Fund Limited                         

                               ("TFIF" or the "Company")                           

                                    Issue of equity                                

    TwentyFour Income Fund Limited (LSE: TFIF) is pleased to announce that, to
    satisfy market demand and to raise money for investment in accordance with the
    Company's investment policy, 2,500,000 new ordinary shares of 1 pence each in
    the capital of the Company were issued today at a price of 113.08 pence per
    share (the "New Shares") under its block listing facility, raising £
    2,827,000.00 (before costs and expenses).

    The New Shares rank pari passu with the existing ordinary shares in issue.
    Following this issue, the Company's issued share capital comprises 393,314,151
    ordinary shares.  This figure of 393,314,151 may be used by shareholders as the
    denominator for the calculation by which they may determine if they are
    required to notify their interest in, or change to their interest in the
    Company under the FCA's Disclosure and Transparency Rules.

    For further information, please contact:

    TwentyFour Income Fund Limited                            +44 (0)20 7015 8900
    John Magrath                                                                 
    Alistair Wilson                                                              
                                                                                 
    Numis Securities Limited                                  +44 (0)20 7260 1000
    Nathan Brown                                                                 
    Hugh Jonathan