DIPULA INCOME FUND LIMITED - Results of share re-investment alternative offered to B ordinary shareholders

Results of share re-investment alternative offered to B ordinary shareholders

DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIB  ISIN: ZAE000203394
(Approved as a REIT by the JSE)
(“Dipula” or “the company”)


RESULTS OF SHARE RE-INVESTMENT ALTERNATIVE OFFERED TO B ORDINARY SHAREHOLDERS


Shareholders are referred to recent announcements relating to the election offered to B ordinary shareholders to reinvest the final
cash dividend of 44.95016 cents per B ordinary share (“cash dividend”) in return for additional B ordinary shares (the “share re-
investment alternative”), the latest of which was released on SENS on 20 November 2015.

Shareholders holding 57 530 009 B ordinary shares, or 28.29% of the total issued B ordinary shares (prior to the share re-
investment alternative) qualifying to receive the cash dividend have elected to receive the share re-investment alternative,
resulting in the issue of 2 455 710 new B ordinary shares and a retention (based on the issue price of R10.53049 per new B
ordinary share) of R25 859 828 in new equity for Dipula. Accordingly, a total cash dividend of R65 546 789.50 is payable to B
ordinary shareholders in respect of 145 821 030 B ordinary shares.

The total number of B ordinary shares in issue post the share re-investment alternative will be 205 806 749.

For those shareholders who elected the share re-investment alternative, B ordinary share certificates will be dispatched via
registered post to certificated shareholders (at their own risk) on Wednesday, 9 December 2015. Dematerialised shareholders’
CSDP or broker accounts will be credited with B ordinary shares on Wednesday, 9 December 2015.

For those shareholders who did not elect the share re-investment alternative, the cash dividend will be paid via electronic transfer
into the personal bank accounts of certificated only in the event that the transfer secretaries are already in possession of their
banking details. Where the transfer secretaries do not have the banking details of the aforesaid certificated shareholders, dividend
cheques will be dispatched (at such shareholders’ own risk) to their registered addresses or in accordance with the instructions
given to the transfer secretaries, on Monday, 7 December 2015. The cash dividend will be credited to dematerialised shareholders’
accounts held at their CSDP or broker on Monday, 7 December 2015.

7 December 2015


Corporate advisor and sponsor
Java Capital

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