Dealings in securities by an associate of a director of the company DIPULA INCOME FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/013963/06) JSE share code: DIA ISIN: ZAE000203378 JSE share code: DIB ISIN: ZAE000203394 (Approved as a REIT by the JSE) (“the company”) DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Shareholders are advised of the following information relating to dealings in securities by an associate of a director of the company: Name of associate: Dijalo Property Services (Pty) Ltd Name of director and relationship to director: Saul Gumede, who owns 40% of Dijalo Property Services (Pty) Ltd Transaction date: 9 July 2015 Class of securities: B-linked units Number of securities: 128 612 Price per security: R10.32 Total value: R1 327 275.84 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Name of associate: Dijalo Property Services (Pty) Ltd Name of director and relationship to director: Saul Gumede, who owns 40% of Dijalo Property Services (Pty) Ltd Transaction date: 13 July 2015 Class of securities: B-ordinary shares Number of securities: 51 650 Price per security: R10.35 Total value: R533 646.00 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial 14 July 2015 Sponsor Java Capital Date: 14/07/2015 03:40:00 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.