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Thu 25 Mar 2004, 12:12 Dealing In Securities By A Director
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 - 3.65 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            :  Jeffrey Zidel who owns 75% of Maxtrade Seven   
  (Proprietary) Limited, the entity which entered
                                   into the transaction                           
  Company of which a director   :  Resilient                                      
  Transaction date              :  24 March 2004                                  
  Class of securities           :  Linked units                                   
  Price                         :  R6.98 per linked unit                          
  Number of securities          :  63 719                                         
  Total value                   :  R444 758.62                                    
  Nature of transaction         :  Open market purchase                           
  Extent of interest            :  Indirect beneficial                            
  Clearance to deal obtained    :  Yes                                            
  Johannesburg                                                                    
  24 March 2004                                                                   
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 25/03/2004 12:02:12 PM Produced by the JSE SENS Department                
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