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Tue 11 Sep 2012, 17:28 DIPULA INCOME FUND LTD - Dealings in securities by an associate of a director
DIA DIB 201209110048A
Dealings in securities by an associate of a director

DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa
(Registration number 2005/013963/06)
JSE code for A-linked units: DIA ISIN for A-linked units: ZAE000158317
JSE code for B-linked units: DIB ISIN for B-linked units: ZAE000158325
(?Dipula? or ?the company?

DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

Linked unitholders are referred to the dealings announcements dated 20 April 2012, 4 September 2012 and
10 September 2012 in which they were advised that Dijalo Property Services (Pty) Ltd (?Dijalo?) and Mergence
Africa Properties (Pty) Ltd (?Mergence?) had concluded an agreement for the acquisition by the Dipula BEE Trust
(?the Trust?) of 50 000 000 Dipula B units from Redefine Properties Limited for an aggregate consideration of
R270 000 000.

Principally to fund the equity stake required by the Dipula BEE Trust to acquire the 50 000 000 Dipula B units and in
order to pay ancillary costs and taxes, Dijalo has disposed of certain of its existing Dipula units, as follows:

Name of associate:                                   Dijalo
Name of director:                                    Saul Gumede, who has a 40% beneficial interest in Dijalo
Transaction date:                                    7 September 2012
Class of securities:                                 A class linked units
Number of securities:                                1 638
Price per security:                                  R10.85
Total value                                          R17 772.30
Nature of transaction:                               On-market sale

Name of associate:                                   Dijalo
Name of director:                                    Saul Gumede, who has a 40% beneficial interest in Dijalo
Transaction date:                                    10 September 2012
Class of securities:                                 A class linked units
Number of securities:                                5 000
Price per security:                                  R10.90
Total value                                          R54 500.00
Nature of transaction:                               On-market sale

Name of associate:                                   Dijalo
Name of director:                                    Saul Gumede, who has a 40% beneficial interest in Dijalo
Transaction date:                                    11 September 2012
Class of securities:                                 A class linked units
Number of securities:                                3 362
Price per security:                                  R10.50
Total value                                          R35 301.00
Nature of transaction:                               On-market sale

Name of associate:                                   Dijalo
Name of director:                                    Saul Gumede, who has a 40% beneficial interest in Dijalo
Transaction date:                                    11 September 2012
Class of securities:                                 B class linked units
Number of securities:                                15 000
Price per security:                                  R6.70
Total value                                          R100 500.00
Nature of transaction:                               On-market sale

11 September 2012


Sponsor
Java Capital

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