11 January 2017

                     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 57984 and registered as a Registered Closed-ended Collective Investment
    Scheme with the Guernsey Financial Services Commission)

    Re:      Dividend Announcement

    The Directors of TwentyFour Select Monthly Income Fund Limited have declared
    that a dividend will be payable, in line with the Prospectus, representing the
    regular monthly targeted dividend for the financial period ending 31 December
    2016 as follows:

    Ex Dividend Date   19 January 2017                                           
                                                                                 
    Record Date        20 January 2017                                           
                                                                                 
    Payment Date       31 January 2017                                           
                                                                                 
    Dividend per Share 0.50 pence (Sterling)                                     


    For further information, please contact:

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

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