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Thu 26 Feb 2004, 12:45 Resilient Property Income Fund Limited - Dealing I
Resilient Property Income Fund Limited - Dealing In Securities By A Director    
RESILIENT PROPERTY INCOME FUND LIMITED                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/016851/06)                                            
Share code: RES                                                                 
ISIN: ZAE000043642                                                              
("Resilient")                                                                   
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 - 3.74 of the Listings Requirements of the JSE       
Securities Exchange South Africa, the following information, relating to the    
dealing in securities by a director, is disclosed:                              
Executive director            :  Des de Beer who owns 50% of Optimprops 3       
                                 (Proprietary) Limited, the entity which entered
                                 into the transaction                           
Company of which a director   :  Resilient                                      
Transaction date              :  25 February 2004                               
Class of securities           :  Linked units                                   
Price                         :  R6.80 per linked unit                          
Number of securities          :  25 000                                         
Total value                   :  R170 000                                       
Nature of transaction         :  Open market purchase                           
Extent of interest            :  Indirect beneficial                            
Clearance to deal obtained    :  Yes                                            
Johannesburg                                                                    
26 February 2004                                                                
Sponsor                                                                         
Nedbank Corporate
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