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")

TRP121: NOTIFICATION OF A DECREASE IN BENEFICIAL INTEREST IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 (the "Companies Act"), Regulation 121(2)(b) of the Companies Act Regulations 2011 and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Dipula has received notification from Public Investment Corporation SOC Limited, (the "PIC") of a decrease in the PIC's holding of Dipula B ordinary shares as a result of the recently completed scheme of arrangement between Dipula and Dipula A shareholders, such that the PIC now holds 16.303% of Dipula's total issued B ordinary shares.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice with the Takeover Regulation Panel.

23 June 2022

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Dipula Income Fund Ltd. published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 13:05:05 UTC.