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Tue 22 Apr 2003, 11:06 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 Listings Requirements, the   
following should be noted:                                                      
1. Director involved in transaction:    Jeff Zidel who owns 37.5% of Maxtrade   
                                        Seven (Pty) Ltd, the entity which       
entered into the transaction            
2. Type of transaction:                 Purchase                                
3. Number of linked units purchased:    20 000                                  
4. Purchase price:                      R5,30 per linked unit                   
5. Date of transaction:                 16 April 2003                           
Johannesburg                                                                    
22 April 2003                                                                   
Investment bank and sponsor                                                     
Nessdbank Corporate                                                             

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