DIA - Dipula Income Fund Limited - Trading statement

DIA - Dipula Income Fund Limited - Trading statement                            
DIPULA INCOME FUND LIMITED                                                      
(formerly Dipula Property Fund (Pty) Ltd)                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 2005/013963/06                                              
Share codes: DIA      ISIN: ZAE000158317                                        
            DIB      ISIN: ZAE000158325                                         
("Dipula")                                                                      
TRADING STATEMENT                                                               
Dipula`s prospectus dated 28 July 2011 included a forecast distribution         
for the year ended 31 August 2011 of 9.71 cents per combined A and B            
unit. As detailed in the prospectus the forecast was prepared on the            
assumption that the listing of Dipula and the various acquisitions (the         
"acquisitions") detailed in the prospectus would be effective on 1 August       
2011 and, accordingly, represented the forecast distributable income of         
the enlarged Dipula group for a one month period.                               
The listing and acquisitions were in fact only implemented on or around         
17 August 2011, with the result that the distribution for the period            
ended 31 August 2011 comprises the distributable income of the enlarged         
Dipula group for under half a month. Adjusting the forecast to take into        
account the later implementation date would result in a revised forecast        
distribution of approximately 4.70 cents per combined A and B unit.             
The results for the period are still in the process of being finalised          
but it is anticipated that the distribution per combined A and B unit           
will be between 4.70cent and 4.83cents, in line with or slightly better         
than the adjusted forecast distribution set out above. In terms of the          
debenture trust deed, A unitholders are entitled to approximately 57% of        
the total distributable income for the period ending 31 August 2012 with        
B unitholders entitled to the balance.                                          
The information in this trading statement has not been reviewed or              
reported on by the auditors.  It is anticipated that the audited                
financial statements for the year ended 31 August 2011 will be released         
during the week starting 14 November 2011.                                      
4 November 2011                                                                 
Sponsor                                                                         
Java Capital                                                                    
Date: 04/11/2011 10:32:01 Supplied by www.sharenet.co.za                     
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