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Mon 29 Nov 2004, 16:10 DEALING IN SECURITIES BY A DIRECTOR
RESILIENT - DEALING IN SECURITIES BY A DIRECTOR                                 
RESILIENT PROPERTY INCOME FUND LIMITED                                          
(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                               
(Pty) Ltd, the entity which entered into the      
                              transaction                                       
Company of which a director   Resilient                                         
Transaction date              26 November 2004                                  
Class of securities           Linked units                                      
Price                         R 8.35      per linked unit                       
Number of securities          131 700                                           
Total value                   R1 099 695                                        
Nature of transaction         Purchase on open market                           
Extent of interest            Indirect beneficial                               
Written clearance to                                                            
deal received                 Yes                                               
Johannesburg                                                                    
29 November 2004                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 29/11/2004 03:52:32 PM                    
Produced by the JSE SENS Department
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