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MICC Property Income Fund Limited - Withdrawal of cautionary announcement       
MICC Property Income Fund Limited                                               
Formerly Clidet No.455 (Proprietary) Limited                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2003/013404/06)                                            
(`MICC`)                                                                        
JSE Share code: MCP    NSX Share code: MCO                                      
ISIN: ZAE000050175                                                              
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Shareholders are referred to the cautionary announcements dated 3 June 2004 and 
26 July 2004, and are advised that as negotiations have been terminated, caution
is no longer required to be exercised by shareholders when dealing in MICC`s    
securities.                                                                     
Johannesburg                                                                    
18 August 2004                                                                  
Sponsor:                                                                        
Java Capital (Pty) Limited

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