Redefine Income Fund Limited - Withdrawal Of Cautionary Announcement

Redefine Income Fund Limited - Withdrawal Of Cautionary Announcement            
Redefine Income Fund Limited                                                    
(Registration No. 1999/018591/06)                                               
Share Code: RDF                                                                 
ISIN Code: ZAE000023503                                                         
("Redefine")                                                                    
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Corpcapital Corporate Finance is authorised to announce that, further to the    
cautionary announcements published on 5 February 2003 and 20 March 2003 relating
to the offer by Redefine to acquire the property portfolio of Bonatla Property  
Holdings Limited ("Bonatla"), Redefine has received notification from Bonatla   
that the majority of Bonatla"s shareholders have accepted an offer from a third 
party and accordingly the directors of Bonatla have elected to decline          
Redefine"s offer. Redefine linked unit holders are therefore no longer required 
to exercise caution when dealing in their linked units.                         
Rosebank                                                                        
26 March 2003                                                                   
Corporate Advisor and Sponsor                                                   
Corpcapital Corporate Finance                                                   
(a sponsor registered with the JSE Securities Exchange South                    
Africa)