REDEFINE INCOME FUND LIMITED - DIRECTORS DEALING ANNOUNCEMENT

REDEFINE INCOME FUND LIMITED - DIRECTORS DEALING ANNOUNCEMENT                   
Redefine Income Fund Limited                                                    
Registration No. 1999/018591/06)                                                
JSE Share Code: RDF                                                             
ISIN Code: ZAE000023503                                                         
("Redefine")                                                                    
DIRECTORS DEALING ANNOUNCEMENT                                                  
In compliance with section 3.63 of the Listings Requirements of the JSE, we     
hereby advise the following dealings by a director in the company"s securities: 
Name of director:             Eric Ellerine                                     
Dates of transaction:         17 February 2004                                  
Average Price:                249,31 cents                                      
Number of linked units:       501 427                                           
Total value:                  R1 250 107,65                                     
Class of securities:          Linked units                                      
Nature:                       Sale of linked units                              
Interest:                     Indirect non-beneficial                           
Clearance to deal received in terms of paragraph 3.66 of the JSE Listings       
Requirements.                                                                   
Johannesburg                                                                    
18 February 2004                                                                
Sponsor:                                                                        
Java Capital (Pty) Limited                                                      
Date: 18/02/2004 05:36:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department