Webinar

TWENTYFOUR SELECT MONTHLY INCOME FUND LIMITED

(a closed-ended investment company incorporated in Guernsey with registration number 57985)

Webinar - 4^th February 2016

The TwentyFour Select Monthly Income Fund Limited will today hold a webinar to provide an update on the Fund. The following points will be discussed in the presentation:

The Fund consists of a diversified portfolio of 82 bonds:

• Average Rating B+
• Interest Rate Duration = 2.2 years
• Credit Duration = 4.1 years
• Dividend yield = 7.05%
• Purchase yield = 8.31% (gross)
• Mark to Market Yield = 10.44% (gross)

Current portfolio positioning:

ABS	34.01
HIGH YIELD - EUROPEAN	29.66
BANKS	26.17
INSURANCE	8.59
HIGH YIELD - US	0.96
CASH	0.62

• The portfolio contains very healthy levels of yield
• The securities are generally short dated which promotes a pull to par with ageing
• Fixed income markets are currently already pricing in a recession which we do not see at either the macro level or at the bottom up level
• While markets are currently dislocated we cannot suggest that this is the bottom, however we do think that credit yields have overshot and will be tighter by year end
• Gives us an opportunity for both yield and capital gain
• Adding incremental size to the current portfolio would certainly increase the distribution yield

The webinar presentation will be available following the event at:www.twentyfouram.com/news-and-media/articles

For further information contact:

TwentyFour

John Magrath                                                    [phone]

Numis

Chris Gook                                                          [phone]