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Tue 6 May 2003, 15:38 Resilient Property Income Fund Limited - Directors
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")                                                                   
Directors Dealings In Securities                                                
In Compliance with section 3.72 to 3.75 of the JSE Listings Requirements, the   
following should be noted:                                                      
1. Directors involved in transaction:        Des de Beer, who owns 50% of       
                                             Optimprops 3 (Pty) Ltd and 100% of 
Hollyrood Investments (Pty) Ltd,   
                                             the entities which entered into the
                                             transaction.                       
2. Type of transaction:                      Purchase                           
3. Number of linked units purchased:         Optimprops 50 000                  
                                             Hollyrood 100 000                  
4. Purchase price:                           Optimprops R5,25 per linked        
                                             unit                               
Hollyrood R5,30 per linked         
                                             unit                               
5. Date of transaction:                      02 May 2003                        
6. Directors involved in transaction:        Barry Stuhler who owns 100%        
of Platinum Mile Investments 110   
                                             (Pty) Ltd, the entity which entered
                                             into the transaction.              
7. Type of transaction:                      Purchase                           
8. Number of linked units purchased:         50 676                             
9. Purchase price:                           R5,30 per linked unit              
10.Date of transaction:                      02 May 2003                        
Johannesburg                                                                    
06 May 2003                                                                     
Investment bank and sponsor
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