DIPULA INCOME FUND LIMITED - Results Of Annual General Meeting

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: ZAE000203378
JSE share code: DIB     ISIN: ZAE000203394
(Approved as a REIT by the JSE)
(“Dipula”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that at the annual general meeting of shareholders held on Friday, 12 February 2016 (in terms of the
notice of annual general meeting dispatched to shareholders on 22 December 2015), all of the resolutions tabled thereat were
passed by the requisite majority of Dipula shareholders.

Details of the results of voting at the annual general meeting are as follows:

-   total number of Dipula shares that could have been voted at the annual general meeting: 407 985 286.
-   total number of Dipula shares that were present/represented at the annual general meeting: 346 233 588, being 84.86% of the
    total number of Dipula shares that could have been voted at the annual general meeting.


Special resolution number 1: Approval of financial assistance to related or inter-related parties

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Special resolution number 2: Approval of shares repurchases

Shares*                           For                               Against                         Abstentions^
346 233 588                       343 063 823, being 99.08%         3 169 765, being 0.92%          -

Special resolution number 3: Approval of fees payable to non-executive directors

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Special resolution number 4: Amendment of clause 24.1 of the Memorandum of Incorporation

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Special resolution number 5: Amendment of clause 25.12 of the Memorandum of Incorporation

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Ordinary resolution number 1: Confirmation of appointment of R Asmal as director of the company

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Ordinary resolution number 2: Re-election of Prof E Links as director of the company

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -
Ordinary resolution number 3: Re-election of Y Waja as director of the company

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Ordinary resolution number 4.1: Re-appointment of Y Waja as a member of the audit and risk committee

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Ordinary resolution number 4.2: Re-appointment of BH Azizollahoff as a member of the audit and risk committee
 
Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Ordinary resolution number 4.3: Re-appointment of Prof E Links as a member of the audit and risk committee

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Ordinary resolution number 5 : To re-appoint Deloitte & Touche as auditors

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Ordinary resolution number 6: Authority to place unissued shares under the control of the directors

Shares*                           For                               Against                         Abstentions^
346 233 588                       320 784 236, being 92.65%         25 449 352, being 7.35%         -

Ordinary resolution number 7: Specific authority to issue shares pursuant to a reinvestment option

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -

Ordinary resolution number 8: To authorise the signature of documentation

Shares*                           For                               Against                         Abstentions^
346 233 588                       346 233 588, being 100%           -                               -
*excluding abstentions
^ in relation to the shares that were present/represented at the annual general meeting

12 February 2016


Sponsor

Date: 12/02/2016 01:40:00 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.