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Tue 22 Feb 2005, 14:59 DEALING IN SECURITIES BY A DIRECTOR
RESILIENT PROPERTY INCOME FUND LIMITED - 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            Jeffrey Zidel who owns                            
                              75% of Maxtrade Seven                             
(Pty) Limited, the entity which entered into the  
                              transaction                                       
Company of which a director   Resilient                                         
Transaction date              18 February 2005                                  
Class of securities           Linked units                                      
Price                         R9.80 per linked unit                             
Number of securities          25 000                                            
Total value                   R245 000                                          
Nature of transaction         Purchase on open market                           
Extent of interest            Indirect beneficial                               
Written clearance to                                                            
deal received                 Yes                                               
Johannesburg                                                                    
22 February 2005                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 22/02/2005 02:54:49 PM                     
Produced by the JSE SENS Department                                             
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