DIPULA INCOME FUND LIMITED - Dealings in securities by directors of the company

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: 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 the grant and acceptance of a conditional award of
Dipula B ordinary shares by directors of Dipula in terms of the rules of the Company's approved Conditional Share Plan
("CSP") on the basis set out below.

The vesting of the shares is subject to achieving growth in distributable earnings per share, relative distributable earnings
per share growth to peer companies, retention periods and achieving individual key performance indicators.

Name of director:                                              Izak Petersen
Date of acceptance of award:                                   8 June 2023
Class of securities:                                           B ordinary shares
Number of securities:                                          1 530 304
Award price:                                                   R4.16
Value of transaction:                                          R6 366 064.64
Vesting period:                                                3 years from date of grant
Nature of transaction:                                         Off-market grant and acceptance of conditional awards in
                                                               terms of the CSP
Nature and extent of director's interest:                      Direct beneficial
Clearance to trade:                                            Yes

Name of director:                                              Sudesh Moodley
Date of acceptance of award:                                   8 June 2023
Class of securities:                                           B ordinary shares
Number of securities:                                          600 962
Award price:                                                   R4.16
Value of transaction:                                          R2 500 001.92
Vesting period:                                                3 years from date of grant
Nature of transaction:                                         Off-market grant and acceptance of conditional awards in
                                                               terms of the CSP
Nature and extent of director's interest:                      Direct beneficial
Clearance to trade:                                            Yes

8 June 2023


Sponsor
Java Capital

Date: 08-06-2023 01:45:00
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