For filings with the FCA include the annexFor filings with issuer exclude the annexTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi1. Identity of the issuer or the underlying issuer TwentyFour Incomeof existing shares to which voting rights are Fund Limitedattached:ii2. Reason for the notification (please tick the appropriate box or boxes):An acquisition or disposal of voting rights XAn acquisition or disposal of qualifying financial instruments which may resultin the acquisition of shares already issued to which voting rights are attachedAn acquisition or disposal of instruments with similar economic effect toqualifying financial instrumentsAn event changing the breakdown of voting rightsOther (please specify):3. Full name of person(s) subject to the Baillie Gifford & Conotification obligation:iii4. Full name of shareholder(s) (if different from 3.):iv5. Date of the transaction and date onwhich the threshold is crossed or 17 April 2015reached: v6. Date on which issuer notified: 20 April 20157. Threshold(s) that is/are crossed or 5%reached: vi, vii8. Notified details:A: Voting rights attached to shares viii, ixClass/type Situation previous Resulting situation after the triggering transactionof to the triggeringshares transaction Number Number Number Number of voting % of votingif possible of of of shares rights rights xusing Shares Votingthe ISIN Rights Direct Direct xi Indirect Direct IndirectCODE xiiOrdinaryShare 17090000 17090000 Below 5% Below 5% Below 5%GG00B90J5Z95B: Qualifying Financial InstrumentsResulting situation after the triggering transactionType of Expiration Exercise/ Number of voting % of votingfinancial date xiii Conversion Period xiv rights that may be rightsinstrument acquired if the instrument is exercised/ converted.N/AC: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xviResulting situation after the triggering transactionType of Exercise Expiration Exercise/ Number of voting rights % of votingfinancial price date xvii Conversion instrument refers to rights xix, xxinstrument period xviii Nominal DeltaN/ATotal (A+B+C)Number of voting rights Percentage of voting rightsBelow 5% Below 5%9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxiIn the narrative below, the figures in [ ] indicate the amount of voting rightsand the percentage held by each controlled undertaking where relevant.Baillie Gifford & Co, a discretionary investment manager, is the parentundertaking of an investment management group.Its wholly-owned subsidiary undertaking Baillie Gifford & Co Limited [Below 5%]is an OEIC Authorised Corporate Director and Unit Trust Manager which hasdelegated its discretionary investment management role to Baillie Gifford & Co.Proxy Voting:10. Name of the proxy holder: N/A11. Number of voting rights proxy holder will ceaseto hold:12. Date on which proxy holder will cease to holdvoting rights:13. Additional information:14. Contact name: Paul Salmond15. Contact telephone number: 0131 275 3169