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Tue 5 Oct 2004, 15:45 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 - 3.74 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                   1 October 2004                               
Class of securities                Linked units                                 
Price                              R7.60 per linked unit                        
Number of securities               391                                          
Total value                        R2 971.60                                    
Nature of transaction              Open market purchase                         
Extent of interest                 Indirect beneficial                          
Clearance to deal obtained          Yes                                         
Johannesburg                                                                    
5 October 2004                                                                  
Sponsor                                                                         
Nedbank Capital
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