Dipula Income Fund Limited A (JSE:DIA) News - Change statement, posting of notice of annual general meeting and update on B-BBEE compliance report 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”) CHANGE STATEMENT, POSTING OF NOTICE OF ANNUAL GENERAL MEETING AND UPDATE ON BROAD-BASED BLACK ECONOMIC EMPOWERMENT COMPLIANCE REPORT Change statement and availability of annual report Shareholders are advised that Dipula’s integrated annual report, incorporating the audited annual financial statements for the year ended 31 August 2021 (on which the Company’s auditors expressed an unmodified audit opinion) (the “financial statements”), is now available on the Company’s website at: https://www.dipula.co.za/index.php/investors/integrated-reports. The financial statements are the same as the reviewed provisional condensed consolidated financial statements that were published on 17 November 2021 except for an adjustment to the statement of cash flow, resulting in an increase to cash generated from operations of R 87.2 million, with the corresponding adjustment being a decrease to interest-bearing liabilities raised of R87.2 million. The adjustment was required due to an unintended accounting error. The full statement of cash flow and notes thereto can be found on pages 108 and 158 of the integrated annual report. The statement of cash flow, before and after the change referred to above, is as follows: CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW for the year ended 31 August 2021 Audited Reviewed 31 August 2021 31 August 2021 Change R'000 R'000 R'000 CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations 850 360 763 159 87 201 Finance income 14 449 14 449 - Finance cost (272 174) (272 174) - Dividends paid (302 122) (302 122) - Taxation paid (85 996) (85 996) - Net cash generated from operating activities 204 517 117 316 87 201 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditure on investment property (68 852) (68 852) - Acquisition of property, plant and equipment (366) (366) - Acquisition of business combination (19 989) (19 989) - Net movement in loans receivable 31 697 31 697 - Proceeds on disposal of investment properties 28 350 28 350 - Net cash utilised in investing activities (29 160) (29 160) - CASH FLOWS FROM FINANCING ACTIVITIES Repayment of lease liabilities (7 642) (7 642) - Net movement in interest-bearing liabilities (154 496) (67 295) (87 201) Interest-bearing liabilities (repaid)/raised (57 496) 29 705 (87 201) Permanent repayment of borrowings (97 000) (97 000) - Net cash utilised in financing activities (162 138) (74 937) (87 201) Net increase in cash and cash equivalents 13 219 13 219 - Cash and cash equivalents at the beginning of the year 49 357 49 357 - Cash and cash equivalents at the end of the year 62 576 62 576 - There was no change to earnings per share, headline earnings per share, dividend per share nor to the statement of financial position or the statement of comprehensive income. Notice of annual general meeting Shareholders are further advised that a notice of annual general meeting, including the relevant supporting documentation, was dispatched to shareholders today, 15 December 2021. The annual general meeting of shareholders of Dipula will be held at 09:00 on Monday, 21 February 2022. Due to the restrictions on gatherings imposed as a result of the Covid-19 pandemic, the annual general meeting will only be accessible through electronic participation, as permitted by the provisions of the JSE Listings Requirements, the Companies Act No. 71 of 2008, as amended, and the Company’s memorandum of incorporation. To this end, the Company, together with its company secretary, Acorim Proprietary Limited, shall host the annual general meeting on an interactive electronic platform, to facilitate remote participation by shareholders. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 8 February 2022 and the record date for voting purposes is Friday, 11 February 2022. Broad-Based Black Economic Empowerment annual compliance report Shareholders are advised that the Company’s Broad-Based Black Economic Empowerment annual compliance report for the year ended 31 August 2021 is currently being verified and a further announcement in respect of the publication thereof will be released in due course. 15 December 2021 Sponsor Java Capital Date: 15-12-2021 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. 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