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Thu 16 Sep 2004, 14:18 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            Des de Beer, who is a trustee of The Suni Trust,  
  the entity which entered into the transaction     
  Company of which a director   Resilient                                         
  Transaction date              15 September 2004                                 
  Class of securities           Linked units                                      
  Price                         R7.55 per linked unit                             
  Number of securities          100 000                                           
  Total value                   R755 000                                          
  Nature of transaction         Open market purchase                              
  Extent of interest            Indirect beneficial                               
  Clearance to deal obtained    Yes                                               
  Johannesburg                                                                    
  16 September 2004                                                               
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 16/09/2004 01:52:12 PM Produced by the JSE SENS Department                
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