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Fri 24 Oct 2003, 8:41 Dealing In Securities By Directors
MICC Property Income Fund Limited - Dealing In Securities By Directors          
MICC Property Income Fund Limited                                               
Formerly Clidet No.455 (Proprietary) Limited                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2003/013404/06)                                            
JSE Share code: MCP    NSX Share code: MCO                                      
ISIN: ZAE000050175                                                              
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with sections 3.63 - 3.74 of the Listings Requirements of the JSE 
Securities Exchange South Africa, the following information is disclosed:       
Director                      :    Mustaq Brey                                  
Company                       :    MICC Property Income Fund Limited            
Date of transaction           :    20 October 2003                              
Price                         :    R 4.95 per share                             
Number of shares              :    485 000                                      
Value                         :    R 2 400 750                                  
Class of securities           :    Linked Units                                 
Nature of transaction         :    Sale                                         
Extent of interest            :    Indirect, non beneficial                     
Johannesburg                                                                    
24 October 2003                                                                 
Sponsor                                                                         
KPMG Services (Pty) Ltd                                                         
Date: 24/10/2003 08:19:21 AM Supplied by www.sharenet.co.za                     
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