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Tue 17 Feb 2004, 18:30 CHANGE TO DIRECTORS/COMPANY SECRETARY HOLDINGS IN
REDEFINE INCOME FUND LIMITED - CHANGE TO DIRECTORS/COMPANY SECRETARY HOLDINGS IN
  REDEFINE AND DIRECTORS DEALING ANNOUNCEMENT                                     
  Redefine Income Fund Limited                                                    
  Registration No. 1999/018591/06)                                                
  Share Code: RDF    ISIN Code: ZAE000023503                                      
  ("Redefine")                                                                    
  CHANGE TO DIRECTORS/COMPANY SECRETARY HOLDINGS IN REDEFINE AND DIRECTORS DEALING
  ANNOUNCEMENT                                                                    
  The following directors and company secretary received Redefine linked units via
  a distribution in specie from Corpcapital Limited:                              
  Name of director           Wolf Cessman                                         
  Dates of transaction       9 February 2004                                      
  Number of linked units     135 706                                              
  Name of director           Marc Wainer                                          
  Dates of transaction       9 February 2004                                      
  Number of linked units     135 706                                              
  Name of director           Eric Ellerine                                        
  Dates of transaction       9 February 2004                                      
  Number of linked units     1 649 579                                            
  Name of director           Jeffrey Kron                                         
  Dates of transaction       9 February 2004                                      
  Number of linked units     14 387                                               
  Mr Kron sold the linked units on Thursday, 11 February 2004, and the sale was   
  subsequently announced on SENS on Friday,12 February 2004.                      
  Name of company secretary  Neville Toerien                                      
  Dates of transaction       9 February 2004                                      
  Number of linked units     867                                                  
  Name of director           Eric Ellerine                                        
  Dates of transaction       12 February 2004                                     
  Average Price              257,25 cents                                         
  Number of linked units     300 000                                              
  Total value                R771 750                                             
  Class of securities        Linked units                                         
  Nature                     Sale of linked units.                                
  Interest                   Indirect non-beneficial                              
  Name of director           Eric Ellerine                                        
  Dates of transaction       13 February 2004                                     
  Average Price              259,38 cents                                         
  Number of linked units     107 600                                              
  Total value                R279 092,88                                          
  Class of securities        Linked units                                         
  Nature                     Sale of linked units                                 
  Interest                   Indirect non-beneficial                              
  Johannesburg                                                                    
  17 February 2004                                                                
  Sponsor:                                                                        
  Java Capital (Pty) Limited                                                      
  Date: 17/02/2004 05:21:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
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