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Voluntary update on properties affected by civil unrest in Gauteng and KwaZulu-Natal
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")
VOLUNTARY UPDATE ON PROPERTIES AFFECTED BY CIVIL UNREST IN GAUTENG AND KWAZULU-NATAL
Shareholders are referred to the Company's announcement released on SENS on 14 July 2021 regarding Dipula's
properties affected by civil unrest in Gauteng and KwaZulu-Natal. This includes 10 properties in Gauteng and two in
KwaZulu-Natal.
Dipula management and its professional teams have assessed the affected properties and estimate total damages at
approximately R100 million.
Of the 12 impacted properties, ten are now partially or fully operational, including: Proteapoint Shopping Centre, Soweto
Asambhe, Harding Corner, Fairways on Main, Absa Krugersdorp, Sam Sekoti Vosloorus, Orange Farm Town Square,
Tsakane Corner, Meadowpoint and 1 President Street in Germiston.
Management anticipates that the two remaining retail centres, being Dobsonpoint Shopping Centre and October Avenue
Ivory Park, will re-open in the next eight to 12 months.
On behalf of the board and management team, we would like to express our heartfelt gratitude to the communities in
which we operate for their support in safeguarding our centres during the riots. We would further like to thank the Dipula
team for their dedication and hard work in rebuilding our centres.
We appreciate our tenants' patience and ongoing support as well as our professional teams' commitment to rebuild and
reinstate trade at the affected retail centres as soon as practically possible.
Johannesburg
18 August 2021
FOR FURTHER INFORMATION PLEASE CONTACT:
Dipula Income Fund
Taryn Magrimo +27 (0) 72 722 4395
Articulate Capital Partners (Communications adviser)
Morne Reinders +27 (0) 82 480 4541
Gift Dlamini +27 (0) 78 989 8733
Sponsor
Java Capital
Date: 18-08-2021 12:20:00
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