DIPULA INCOME FUND LIMITED - Results of annual general meeting

Results of annual general meeting

DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIA   ISIN: ZAE000203378
JSE share code: DIB   ISIN: ZAE000203394
(Approved as a REIT by the JSE)
(“Dipula”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 16 February 2017 (in terms of the
notice of annual general meeting dispatched to shareholders on 23 December 2016), all of the resolutions tabled thereat were
passed by the requisite majority of Dipula shareholders.

Details of the results of voting at the annual general meeting are as follows:

-   total number of Dipula shares that could have been voted at the annual general meeting: 419 970 746.
-   total number of Dipula shares that were present/represented at the annual general meeting: 346 368 570, being 82.47% of the
    total number of Dipula shares that could have been voted at the annual general meeting.

Special resolution number 1: Financial assistance to related or inter-related parties

Shares voted*                     For                               Against                     Abstentions
346 368 570                       346 368 570, being 100%           -                           -

Special resolution number 2: Shares repurchases

Shares voted*                     For                               Against                     Abstentions
346 368 570                       346 368 570, being 100%           -                           -

Special resolution number 3: Approval of fees payable to non-executive directors

Shares voted*                     For                               Against                     Abstentions
346 368 570                       346 368 570, being 100%           -                           -

Special resolution number 4: Amendment to the Memorandum of Incorporation – Fractional entitlements

Shares voted*                     For                               Against                     Abstentions
346 368 570                       346 368 570, being 100%           -                           -

Special resolution number 5: Approval to issue shares in terms of section 41(1) of the Companies Act

Shares voted*                     For                               Against                     Abstentions
346 368 570                       331 391 113, being 95.68%         14 977 457, being 4.32%     -

Ordinary resolution number 1: Re-election of ZJ Matlala as director of the company

Shares voted*                     For                               Against                     Abstentions
346 368 570                       346 368 570, being 100%           -                           -

Ordinary resolution number 2: Re-election of BH Azizollahoff as director of the company

Shares voted*                     For                               Against                     Abstentions
346 368 570                       346 368 570, being 100%           -                           -
Ordinary resolution number 3.1: Re-appointment of Y Waja as a member of the audit and risk committee

Shares voted*                   For                              Against                        Abstentions
346 368 570                     346 368 570, being 100%          -                              -

Ordinary resolution number 3.2: Re-appointment of BH Azizollahoff as a member of the audit and risk committee

Shares voted*                   For                              Against                         Abstentions
346 368 570                     346 368 570, being 100%          -                               -

Ordinary resolution number 3.3: Re-appointment of Prof E Links as a member of the audit and risk committee

Shares voted*                   For                              Against                          Abstentions
346 368 570                     346 368 570, being 100%          -                                -

Ordinary resolution number 4 : Re-appointment of Deloitte & Touche as auditors

Shares voted*                   For                              Against                          Abstentions
346 368 570                     346 368 570, being 100%          -                                -

Ordinary resolution number 5: Authority to place unissued shares under the control of the directors

Shares voted*                   For                              Against                          Abstentions
346 368 570                     321 426 532, being 92.80%        24 942 038, being 7.20%          -

Ordinary resolution number 6: Specific authority to issue shares pursuant to a reinvestment option

Shares voted*                   For                              Against                          Abstentions
346 368 570                     346 368 570, being 100%          -                                -

Ordinary resolution number 7: To authorise the signature of documentation

Shares voted*                   For                              Against                          Abstentions
346 368 570                     346 368 570, being 100%          -                                -
*excluding abstentions

16 February 2017


Sponsor
Java Capital

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