Directors' Dealings

20 October 2014 TwentyFour Income Fund Limited (a non-cellular company limited by shares incorporated in the Island ofGuernsey under the Companies (Guernsey) Law 2008, as amended, with registerednumber 56128 and registered as a Registered Closed-ended Collective InvestmentScheme with the Guernsey Financial Services Commission) Re: Directors' Dealings Pursuant to Listing Rule DTR 3.1.2R, TwentyFour Income Fund Limited (the"Company") announces that the following beneficial holding of ordinary shareswas acquired by Mr Trevor Ash, a Director of the Company, on 20 October 2014: 5,000 ordinary shares at 125.769 pence per share. Mr Trevor Ash is the beneficial holder of a total of 30,000 ordinary sharesrepresenting 0.0011% of the Company's issued share capital. For further information, please contact: Numis Securities Limited:Nathan Brown +44 (0)20 7260 1000Hugh Jonathan TwentyFour Income Fund Limited:John Magrath +44 (0)20 7015 8900Alistair Wilson