DIPULA INCOME FUND LIMITED - Update on payment of distribution for the six months ended 29 February 2020

Update on payment of distribution for the six months ended 29 February 2020

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”)


UPDATE ON PAYMENT OF DISTRIBUTION FOR THE SIX MONTHS ENDED 29 FEBRUARY 2020


Shareholders are referred to the Company’s SENS announcement released on 31 March 2020, wherein Dipula
advised that due to the current unprecedented and evolving market conditions due to the COVID-19 pandemic,
the Company was withdrawing its previously communicated distribution guidance.

Subsequently, the board of directors of the Company has deferred its decision regarding whether or not to
declare a dividend in respect of the interim six month period ended 29 February 2020 (“interim dividend”),
pending further evaluation of the impact of the COVID-19 pandemic and resultant national lockdown on the
Company. A decision on whether or not to declare an interim dividend and, if one is declared, the quantum
of the interim dividend, will be made no later than the time of publication of the financial results for the year
ending 31 August 2020. The Company expects that, over the next few months, the impact of the pandemic
and lockdown will become more certain, which in turn will allow for the consideration of dividends on a more
informed basis.

29 April 2020


Sponsor
Java Capital
Date: 29-04-2020 05:30:00
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