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Thu 17 Apr 2003, 14:39 Directors Dealings In Securities
Resilient Property Income Fund Limited - Directors Dealings In Securities       
Resilient Property Income Fund Limited                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/016851/06)                                            
Share code: RES    ISIN ZAE000043642                                            
("Resilient")                                                                   
                          
In Compliance with section 3.72 to 3.75 of the JSE Listings Requirements, the   
following should be noted:                                                      
1. Director involved in transaction     Des de Beer who owns 100% of Hollyrood  
                                        Investments (Pty) Ltd, the entity which 
entered into the transaction            
2. Type of transaction                  Purchase                                
3. Number of linked units purchased     50 000                                  
4. Purchase price                       R5,30 per linked unit                   
5. Date of transaction                  16 April 2003                           
Johannesburg                                                                    
17 April 2003                                                                   
Investment bank and sponsor                                                     
Nedbank Corporate                                                               
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