SYNERGY INCOME FUND LIMITED - Dealing in securities by an associate of a director

Dealing in securities by an associate of a director

SYNERGY INCOME FUND LIMITED
(formerly Capital Land Retail Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2007/032604/06)
JSE share code for A linked units: SGA     ISIN: ZAE000161550
JSE share code for B linked units: SGB     ISIN: ZAE000162293
("Synergy"0)

                 DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

Linked unitholders are advised of the following information relating to dealing in securities by an associate
of a director of Synergy:

Name of associate                                   Sam Investments CC
Name of director:                                   Sean Segar, who owns 90% of Sam Investments CC
Transaction date:                                   13 September 2012
Class of securities:                                A linked units
Purchase price:                                     R10.20
Number of securities:                               13 000
Total value:                                        R132 600.00
Nature of transaction:                              On-market purchase
Nature and Extent of directors interest:            Indirect Beneficial

14 September 2012


Sponsor

Java Capital

Date: 14/09/2012 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.