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Wed 8 Oct 2003, 17:49 RESULTS OF PRIVATE PLACING
MICC PROPERTY INCOME FUND LIMITED - RESULTS OF PRIVATE PLACING                  
MICC Property Income Fund Limited                                               
Formerly Clidet No.455 (Proprietary) Limited                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2003/013404/06)                                            
("MICCPROP" or "the company")                                                   
JSE Share code: MCP    NSX Share code: MCO                                      
ISIN:ZAE000050175                                                               
                                                 
The board of directors wishes to advise that the private placing of MICCPROP    
linked units was fully subscribed and the shareholder spread, as required by the
JSE Securities Exchange South Africa ("JSE") Listings Requirements, has been    
complied with.                                                                  
The listing of MICCPROP is now unconditional. Accordingly, MICCPROP will list   
with effect from the commencement of business on Thursday, 9 October 2003, on   
the JSE in the Financial - "Real Estate" sector of the JSE list, and on the     
Namibian Stock Exchange in the Financial - "Real Estate" sector of the NSX list,
with effect from the commencement of business on Friday, 10 October 2003.       
Investment Bank                                                                 
Gensec Bank Limited                                                             
Sponsor                                                                         
KPMG                                                                            
Date: 08/10/2003 05:31:48 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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