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Cancellation of Tembisa Mall Acquisition
DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code for A-linked units: DIA
ISIN for A-linked units: ZAE000158317
JSE share code for B-linked units: DIB
ISIN for B-linked units: ZAE000158325
(Approved as a REIT by the JSE)
(“Dipula”)
CANCELLATION OF TEMBISA MALL ACQUISITION
Unitholders are referred to the announcement released on SENS on 9 November 2012 detailing, amongst
other things, the agreement concluded by Dipula to acquire the Tembisa Mall on its completion. The
acquisition of Tembisa Mall was subject to – amongst other things – the parties reaching agreement on all of
the components of the development plan and the Mall being developed in accordance with that plan.
The vendors of the Tembisa Mall have sought to cancel the agreement on the basis that certain of the
conditions have not been fulfilled. Dipula disagrees with the grounds relied upon by the vendor but has
accepted the cancellation (while reserving its rights). Dipula’s decision to accept the vendor’s cancellation
was informed by the conclusion that, given the dispute with vendors, it was unlikely that Dipula would be
able to agree a development plan for the completion of the Mall that would satisfy its requirements.
26 September 2013
Sponsor
Java Capital
Date: 26/09/2013 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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