DIPULA INCOME FUND LTD - Dealings in securities by directors' associates

Dealings in securities by directors' associates

DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa
(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” or “the company”)

DEALINGS IN SECURITIES BY DIRECTORS’ ASSOCIATES

Linked unitholders are referred to the dealings announcements dated 20 April 2012 and 4 September 2012 in which
they were advised that Dijalo Property Services (Pty) Ltd (“Dijalo”) and Mergence Africa Properties (Pty) Ltd
(“Mergence”) had concluded an agreement for the acquisition by the Dipula BEE Trust (“the Trust”) of 50 000 000
Dipula B units from Redefine Properties Limited for an aggregate consideration of R270 000 000.

Principally to fund the equity stake required by the Dipula BEE Trust to acquire the 50 000 000 Dipula B units and in
order to pay ancillary costs and taxes, Dijalo has disposed of certain of its existing Dipula units, as follows:

Name of associate:                                         Dijalo
Name of director:                                          Saul Gumede, who has a 40% beneficial interest in Dijalo
Transaction date:                                          6 September 2012
Class of securities:                                       B class linked units
Number of securities:                                      9 157
Price per security:                                        R6.85
Total value                                                62 725.45
Nature of transaction:                                     On-market sale

10 September 2012


Sponsor

Java Capital

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