Investor presentation and distribution guidance DIPULA INCOME FUND LIMITED (formerly Dipula Property Fund (Pty) Ltd) 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”) INVESTOR PRESENTATION AND DISTRIBUTION GUIDANCE Linked unitholders are advised that Dipula has prepared an investor presentation (the “presentation”) in respect of a vendor placement the company intends undertaking in order to fund previously announced acquisitions. The presentation contains information in respect of the company and the impact of the acquisitions and is available on Dipula’s website (www.dipula.co.za). The presentation includes a statement that: - the distributions for the year ended 31 August 2012 will be in line with the forecast; and - Dipula anticipates growth in distributions of between 7% and 9% for the year ended 31 August 2013, which translates to growth in B unit distributions of between 9.7% and 14.3% (with A unit distributions growing at 5%). The financial information on which these projections are based has not been reviewed or reported on by the company’s auditors. It is anticipated that the audited results for the year ended 31 August 2012 will be released on or about 15 November 2012. Johannesburg 25 October 2012 Sponsor Java Capital Date: 25/10/2012 05:40:00 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.