Please be advised that this factsheet replaces the one published yesterday at
    14:02hrs. Please click here to view the updated Monthly Factsheet.

    [28/1/16]
     

                                 UK Mortgages Limited                              
     (a closed-ended investment company incorporated in Guernsey with registration 
                                     number 60440)                                 

    Monthly Factsheet

    The Board of UK Mortgages Limited (UKML) and TwentyFour Asset Management LLP
    (TwentyFour) are pleased to present the first factsheet for the fund.

    The fund made its first investment back in November with the purchase of a £
    310m portfolio from the Coventry Building Society (generating an estimated
    annual return over its life of 7.35% gross). The portfolio continues to perform
    at an exceptionally high level, with a single loan having missed one payment,
    highlighting again how mortgage performance is uncorrelated to broader markets,
    and giving greater certainty to the reliability of income from the pool.

    The team are fully engaged on a number of additional investments for the fund,
    and will continue to keep investors updated with further transaction
    completions as they happen.

    Please note that the portfolio data is current as at 31st December whilst the
    NAV is correct as at 30th November due to the foreseen timeframes involved in
    its production.

    Copies can be downloaded from the Company's website: 

    www.twentyfouram.com/funds-and-services/uk-mortgages-ltd

    Or can be viewed here:

    http://content.prnewswire.com/documents/
    PRNUK-2801161357-8D06_UK_Mortgages_Ltd_Factsheet_December_2015_CC.pdf

                                                                   
    For further information, please contact:                       
    UK Mortgages Limited:                                          
                                                                   
    John Magrath                +44 (0)20 7015 8900