Dealings in securities by a director and 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: DIB ISIN: ZAE000203394 (Approved as a REIT by the JSE) ("Dipula" or "the Company") DEALINGS IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Shareholders are advised of the following information relating to dealings in securities by a director and an associate of a director of Dipula: Name of director: Ridwaan Asmal Transaction date: 25 January 2023 Class of securities: Dipula ordinary shares Number of securities: 1 Price per security: R4.07 Total value: R4.07 Nature of transaction: On-market purchase Nature and extent of director's interest: Direct beneficial Clearance to trade: Yes Name of director: Ridwaan Asmal Transaction date: 26 January 2023 Class of securities: Dipula ordinary shares Number of securities: 49 999 Price per security: R4.15 Total value: R207 495.85 Nature of transaction: On-market purchase Nature and extent of director's interest: Direct beneficial Clearance to trade: Yes Name of associate: QVEST Holdings Proprietary Limited ("QVEST") Name of director and relationship to director: Izak Petersen, who is the sole shareholder of QVEST Transaction date: 25 January 2023 Class of securities: Dipula ordinary shares Number of securities: 337 953 Price per security: R4.2679 Total value: R1 442 349.61 Nature of transaction: On-market purchase Nature and extent of director's interest: Indirect beneficial Clearance to trade: Yes 26 January 2023 Sponsor Java Capital Date: 26-01-2023 04:20:00 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.