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Wed 5 Feb 2003, 16:03 Resilient Property Income Fund Limited - Directors
Resilient Property Income Fund Limited                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/016851/06)                                            
Share code: RES    ISIN ZAE000043642                                            
("Resilient")                                                                   
Directors Dealings In Securities                                                
In Compliance with section 3.72 to 3.75 of the JSE Securities Exchange South    
Africa Listings Requirements, the following directors` dealings are disclosed:  
Directors involved in the transactions:                                         
Jeff Zidel, Barry Stuhler and David Lewis, who respectively                     
own 10%, 10% and 5% of Resilient Property Management (Pty)Ltd ("Resilient       
Manco"), the entity which entered into the transaction. It should also be noted 
that Des de Beer has an option to acquire 10% of Resilient Manco before 31      
August 2003.                                                                    
1.   Transaction on 3 February 2003:                                            
     Type of transaction                Purchase                                
     Number of linked units purchased   49 000                                  
     Purchase price                     R4,90 per linked unit                   
2.   Transaction on 4 February 2003:                                            
     Type of transaction                Purchase                                
     Number of linked units purchased   100 000                                 
     Purchase price                     R4,90 per linked unit                   
Johannesburg                                                                    
5 February 2003                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 05/02/2003 03:52:00 PM Produced by the JSE SENS Department                


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