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Resilient - Withdrawal Of Cautionary Announcement                               
Resilient Property Income Fund Limited                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/016851/06)                                            
Share code:    RES                                                              
ISIN no.: ZAE000043642                                                          
("Resilient")                                                                   
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Resilient linked unitholders are referred to the announcement released earlier  
today and are informed caution need no longer be exercised when trading in their
linked units.                                                                   
Johannesburg                                                                    
16 April 2003                                                                   
Investment bank and sponsor        Corporate law advisers and consultants       
Nedbank Corporate                  Edward Nathan & Friedland (Pty) Ltd          

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