DIPULA INCOME FUND LIMITED - GCR Ratings affirms Dipula's issuer ratings

GCR Ratings affirms Dipula's issuer ratings

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")


GCR RATINGS AFFIRMS DIPULA'S ISSUER RATINGS


Shareholders are advised that Global Credit Rating Company Limited ("GCR") has released a credit rating
announcement in which Dipula's ratings have remained unchanged and GCR has affirmed the national scale long-term
and short-term issuer ratings of BBB+(ZA) and A2(ZA), respectively, with a Stable Outlook.

According to GCR, the Company's issuer ratings are "supported by its good operating performance." GCR also
recognises that "the REIT has maintained solid gearing metrics over the review period, whilst financial flexibility 
has improved."

GCR's full credit rating announcement is available on Dipula's website at the following link:
https://www.dipula.co.za/index.php/investors/credit-rating-report

18 July 2023


Sponsor
Java Capital

Date: 18-07-2023 02:15:00
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