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Mon 4 Apr 2005, 14:48 Dealing In Securities By Directors
Resilient Property Income Fund Limited - Dealing In Securities By Directors     
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 DIRECTORS                                              
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:             4 April 2005                                      
Class of securities:          Linked units                                      
Price:                        R9.90 per linked unit                             
Number of securities:         150 000                                           
Total value:                  R1 485 000                                        
Nature of transaction:        Purchase on open market                           
Extent of interest:           Indirect beneficial                               
Written clearance to                                                            
deal received:                Yes                                               
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:             4 April 2005                                      
Class of securities:          Linked units                                      
Price:                        R9.90 per linked unit                             
Number of securities:         150 000                                           
Total value:                  R1 485 000                                        
Nature of transaction:        Purchase on open market                           
Extent of interest:           Indirect beneficial                               
Written clearance to                                                            
deal received:                Yes                                               
Johannesburg                                                                    
4 April 2005                                                                    
Sponsor                                                                         
Nedbank Capital
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