Dealings in securities by directors 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) (“Dipula” or “the Company”) DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY Shareholders are advised of the following information relating to dealings in securities by directors of Dipula: Name of director: Zanele Matlala Transaction date: 20 February 2020 Class of securities: Dipula B ordinary shares Number of securities: 9 643 Price per security: R2.21 Total value: R21 311.03 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to trade: Yes Name of director: Zanele Matlala Transaction date: 20 February 2020 Class of securities: Dipula B ordinary shares Number of securities: 4 118 Price per security: R2.22 Total value: R9 141.96 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to trade: Yes Name of director: Syd Halliday Transaction date: 20 February 2020 Class of securities: Dipula B ordinary shares Number of securities: 4 457 Price per security: R2.21 Total value: R9 849.97 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to trade: Yes Name of director: Syd Halliday Transaction date: 20 February 2020 Class of securities: Dipula B ordinary shares Number of securities: 9 287 Price per security: R2.25 Total value: R20 895.75 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to trade: Yes Name of director: Syd Halliday Transaction date: 20 February 2020 Class of securities: Dipula B ordinary shares Number of securities: 1 256 Price per security: R2.20 Total value: R2 763.20 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to trade: Yes 24 February 2020 Sponsor Java Capital Date: 24-02-2020 09:45:00 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.