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Thu 9 May 2002, 0:00 Redefine Income Fund Limited
(Registration No. 1999/018591/06)
   JSE Share Code: RDF   ISIN Code: ZAE000023503
   ("Redefine")
CAUTIONARY ANNOUNCEMENT
Corpcapital Corporate Finance is authorised to announce that Redefine has
entered into negotiations which if successfully concluded, may have a
material effect on the price of the company's linked units. Redefine linked
unit holders are accordingly advised to exercise caution when dealing in
their linked units until such time as a further announcement is made.
Rosebank, 8 May 2002
Corporate Advisor and Sponsor
Corpcapital Corporate Finance
(a sponsor registered with the JSE Securities Exchange South Africa


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