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Wed 23 Apr 2003, 16:57 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: 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: 141 650                                    
4. Purchase price:                   R5,30 per linked unit                      
5. Date of transaction:              22 April 2003                              
Johannesburg                                                                    
23 April 2003                                                                   
Investment bank and sponsor                                                     
Nedbank Corporate
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