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, relative distributable earnings,
dividends, NAV and share price growth to peer companies, retention periods and achieving individual key performance
indicators.

 Name of director:                                           Izak Petersen
 Date of acceptance of award:                                26 February 2024
 Class of securities:                                        B ordinary shares
 Number of securities:                                       1 632 305
 Award price:                                                R4.13405
 Value of transaction:                                       R6 748 030.49
 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:                                26 February 2024
 Class of securities:                                        B ordinary shares
 Number of securities:                                       625 900
 Award price:                                                R4.13405
 Value of transaction:                                       R2 587 501.90
 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

27 February 2024


Sponsor
Java Capital

Date: 27-02-2024 08:30:00
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