Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons 1. Name of the issuer 2. State whether the notification relates to (i) a transaction Invesco Perpetual Enhanced notified in accordance with DTR Income Limited 3.1.2 R, (ii) a disclosure made in accordance with section 793 of the Companies Act 2006, or (iii) in accordance with paragraph 26 of the Model Code Yes (i) 3. Name of person discharging 4. State whether notification managerial responsibilities/ relates to a person connected director with a person discharging managerial responsibilities/ director named in 3 and identify the connected person Donald Adamson N/A 5. Indicate whether the 6. Description of shares notification is in respect of a (including class), debentures holding of the person referred or derivatives or financial to in 3 or 4 above or in respect instruments relating to shares of a non-beneficial interest1 Notification in respect of the Ordinary Shares person named in point 3. 7. Name of registered shareholders 8 State the nature of the (s) and, if more than one, the transaction number of shares held by each of them Forbes Limited Dividend Reinvestment 9. Number of shares, debentures or 10. Percentage of issued class financial instruments relating acquired (treasury shares of to shares acquired that class should not be taken into account when calculating percentage) 12,704 0.010% 11. Number of shares, debentures or 12. Percentage of issued class financial instruments relating disposed (treasury shares of to shares disposed that class should not be taken into account when calculating percentage) N/A N/A 13. Price per share or value of 14. Date and place of transaction transaction 29 January 2016 £0.675 per share 15. Total holding following 16. Date issuer informed of notification and total percentage transaction holding following notification (any treasury shares should not be taken into account when calculating percentage) 705,539 (0.570%) 29 January 2016 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17 Date of grant 18. Period during which or date on which exercisable 19. Total amount paid (if any) for 20. Description of shares or grant of the option debentures involved (class and number) 21. Exercise price (if fixed at time 22. Total number of shares or of grant) or indication that debentures over which options price is to be fixed at the time held following notification of exercise 23. Any additional information 24. Name of contact and telephone number for queries Kevin Mayger 0203 753 1000 Name of authorised officer of issuer responsible for making notification Hilary Jones R&H Fund Services (Jersey) Limited Company Secretary Date of notification 29 January 2016