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Fri 4 Oct 2002, 11:49 REDEFINE INCOME FUND LIMITED - DIRECTORS DEALINGS
REDEFINE INCOME FUND LIMITED - DIRECTORS DEALINGS IN SECURITIES                 
Redefine Income Fund Limited ("Redefine")                                       
(Reg. No. 1999/018591/06)                                                       
Share Code RDF                                                                  
ISIN Code ZAE000023503                                                          
Director`s Dealings in Securities                                               
In compliance with Rules 3.72 to 3.74 of the JSE Listings Requirements, the     
following information is disclosed:                                             
Names                    Jeffrey Solomon and David Solomon                      
Date of transaction      30 September 2002                                      
Price at which           R2,15 per linked unit                                  
securities traded                                                               
Volume traded            11 600 000                                             
Nature of transaction    Purchase                                               
                         The delivery of the linked units by                    
Redefine in partial consideration for                  
                         the purchase by Outward Investments                    
                         (Pty) Limited ("Outward") (a wholly                    
                         owned subsidiary of Redefine) of                       
16 000 000 linked units in Arnold                      
                         Property Fund Limited ("Arnold                         
                         units") from Solomon Brothers                          
                         Property Holdings (Pty) Limited                        
("Solomon Brothers") - resulting from                  
                         a prior contractual arrangement in                     
                         terms of which Solomon Brothers                        
                         agreed to sell to Outward all Arnold                   
units immediately upon Solomon                         
                         Brothers acquiring such Arnold units.                  
Interest                 Non - beneficial, indirect                             
Date: 03/10/2002 10:45:27 AM Produced by the JSE SENS Department
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