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Fri 10 Sep 2004, 17:25 Resignation Of Ceo And Non-Executive
Micc Property Income Fund Limited - Resignation Of Ceo And Non-Executive        
  Director                                                                        
  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                                                              
  RESIGNATION OF CEO AND NON-EXECUTIVE DIRECTOR                                   
  MICC unitholders are advised that Mr Greg Chalmers has resigned as chief        
  executive officer and Mr Pieter Ebersohn has resigned as non-executive director 
  of MICC, both with immediate effect.                                            
  Mr Hardie Joubert, non-executive chairman and Mr Willie Kruger, non-executive   
  director and chairman of the audit committee, will manage MICC until a further  
  announcement is made.                                                           
  10 September 2004                                                               
  Johannesburg                                                                    
  South African sponsor                                                           
  Java Capital (Pty) Limited                                                      
  Namibian sponsor                                                                
  Irwin, Jacobs, Greene (Pty) Ltd                                                 
  Member of the NSX                                                               
  Date: 10/09/2004 04:40:03 PM Produced by the JSE SENS Department                
                                                                                  
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