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Wed 6 Oct 2004, 11:44 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 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                           R7.56 per linked unit                           
Number of securities            95 609                                          
Total value                     R722 804.04                                     
Nature of transaction           Open market purchase                            
Extent of interest              Indirect beneficial                             
Clearance to deal obtained      Yes                                             
Johannesburg                                                                    
6 October 2004                                                                  
Sponsor                                                                         
Nedbank Capital
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