Dealing 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: DIA ISIN: ZAE000203378 JSE share code: DIB ISIN: ZAE000203394 (Approved as a REIT by the JSE) (“Dipula” or “the Company”) DEALING IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Shareholders are advised of the following information relating to dealing in securities by a director and an associate of a director of Dipula: Name of director: Syd Halliday Transaction date: 20 November 2019 Class of securities: B ordinary shares Number of securities: 8 000 Price per security: R3.87 Total value: 30 960.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Name of associate: H Halliday Name of director and relationship to director: H Halliday is the spouse of Syd Halliday Transaction date: 20 November 2019 Class of securities: B ordinary shares Number of securities: 1 000 Price per security: R3.87 Total value: R3 870.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: N/A 27 November 2019 Sponsor Java Capital Date: 27-11-2019 05:45:00 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.