Issue of Equity

TWENTYFOUR INCOME FUND - Issue of Equity

PR Newswire

London, September 27

27 September 2016

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 redeemable shares of 1p each in the capital of the Company were issued today at a price of 112.25 per share (the “New Shares”) under the Placing Programme, raising £2,806,250 (before costs and expenses). The New Shares rank pari passu with the existing ordinary redeemable shares in issue.

Following this issue, the Company’s issued share capital comprises 382,314,151 ordinary shares. This figure of 382,314,151 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.

Applications will be made for the New Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities. Admission is expected to become effective, and dealings in the New Shares are expected to commence, at 8.00 a.m. on 3 October 2016.

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