DIA / DIB - Dipula Income Fund Limited - Results of the private placement and

DIA / DIB - Dipula Income Fund Limited - Results of the private placement and   
listing on the main board                                                       
DIPULA INCOME FUND LIMITED                                                      
(formerly Dipula Property Fund (Proprietary) Limited)                           
(Incorporated in the Republic of South Africa on 10 May 2005)                   
(Registration number 2005/013963/06)                                            
JSE code for A-linked units: DIA   ISIN for A-linked units: ZAE000158317        
JSE code for B-linked units: DIB   ISIN for B-linked units: ZAE000158325        
("Dipula")                                                                      
RESULTS OF THE PRIVATE PLACEMENT AND LISTING ON THE MAIN BOARD                  
Reference is made to Dipula`s abridged prospectus released on SENS on 28 July   
2011, which detailed the private placement of:                                  
-    98,343,747 A-linked units at an offer price of R8.58 per unit (the "A unit 
placement"; and                                                                 
-    98,343,747 B-linked units at an offer price of R5.53 per unit (the "B unit 
placement").                                                                    
The A unit placement was over-subscribed and the B unit placement fully         
subscribed with Redefine participating in the B unit placement in its capacity  
as underwriter. As a result an amount of R1,387,630,270 was successfully raised 
in terms of the private placement.                                              
Successful applicants will be advised of their allocation of Dipula A and B     
linked units by no later than Monday, 15 August 2011.                           
The allocated private placement units will be transferred to successful         
applicants on a `delivery-versus-payment` basis on the date of listing being    
Wednesday, 17 August 2011.                                                      
Subject to receipt by the JSE of the necessary Part II documents, 105,532,393 A-
linked units and 105,532,393 B-linked units in the company will be listed in the
"Real Estate - Real Estate Holdings and Development" sector of the Main Board of
the JSE Limited ("JSE") with effect from the commencement of trade on the JSE on
Wednesday, 17 August 2011 under the abbreviated names "Dipula A" and "Dipula B",
JSE Codes "DIA" for A-linked units and "DIB" for B-linked units and ISIN Codes  
"ZAE000158317" for A-linked units and "ZAE00158325" for B-linked units.         
12 August 2011                                                                  
Corporate advisor, bookrunner, sponsor and trustee for debenture holders        
Java Capital                                                                    
Date: 12/08/2011 13:25:00 Supplied by www.sharenet.co.za                     
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