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: ZAE000158317 JSE share code: DIB ISIN: ZAE000158325 (Approved as a REIT by the JSE) (“Dipula” or “the company”) RESULTS OF ANNUAL GENERAL MEETING Linked unitholders are advised that at the annual general meeting of linked unitholders held on Monday, 23 February 2015 (in terms of the notice of annual general meeting dispatched to linked unitholders on 23 December 2014), all of the resolutions tabled thereat were passed by the requisite majority of Dipula linked unitholders. Details of the results of voting at the annual general meeting are as follows: - total number of Dipula linked units that could have been voted at the annual general meeting: 386 024 166 - total number of Dipula linked units that were present/represented at the annual general meeting: 345 784 411 being 89.58% of the total number of Dipula linked units that could have been voted at the annual general meeting. Special Resolution No 1: General authority for the company to grant financial assistance to related or inter-related companies Linked units voted * For Against Abstentions 345 784 411 307 530 907 being 88.94% 38 253 504 being 11.06% - Special Resolution No 2: Linked units repurchase Linked units voted * For Against Abstentions 345 784 411 304 725 891 being 88.13% 41 058 520 being 11.87% - Ordinary Resolution No. 1: Re-appointment of SA Holliday as a director Linked units voted * For Against Abstentions 345 784 411 307 530 907 being 88.94% 38 253 504 being 11.06% - Ordinary Resolution No. 2: Re-election of BH Azizollahoff as director Linked units voted * For Against Abstentions 345 784 411 307 530 907 being 88.94% 38 253 504 being 11.06% - Ordinary Resolution No. 3: Re-election of NS Gumede as director Linked units voted * For Against Abstentions 345 784 411 307 530 907 being 88.94% 38 253 504 being 11.06% - Ordinary Resolution No. 4.1: Re-election of Y Waja as a member of the Audit and Risk Committee Linked units voted * For Against Abstentions 345 784 411 307 530 907 being 88.94% 38 253 504 being 11.06% - Ordinary Resolution No. 4.2: Re-election of BH Azizollahoff as a member of the Audit and Risk Committee Linked units voted * For Against Abstentions 345 784 411 307 530 907 being 88.94% 38 253 504 being 11.06% - Ordinary Resolution No. 4.3: Re-election of E Links as a member of the Audit and Risk Committee Linked units voted * For Against Abstentions 345 784 411 305 665 166 being 88.40% 40 119 245 being 11.60% - Ordinary Resolution No. 5: Re-appointment of Grant Thornton as auditors of the company Linked units voted * For Against Abstentions 345 784 411 307 530 907 being 88.94% 38 253 504 being 11.06% - Ordinary Resolution No. 6: Authority to place unissued linked units under the control of the directors Linked units voted * For Against Abstentions 345 784 411 283 827 573 being 82.08% 61 956 838 being 17.92% - Ordinary Resolution No. 7: Specific authority to issue linked units pursuant to a reinvestment option Linked units voted * For Against Abstentions 345 784 411 307 530 907 being 88.94% 38 253 504 being 11.06% - Ordinary Resolution No. 8: To authorise the signature of documentation Linked units voted * For Against Abstentions 345 784 411 307 530 907 being 88.94% 38 253 504 being 11.06% - * linked units excluding abstentions. 23 February 2015 Sponsor Java Capital Date: 23/02/2015 03:50:00 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.