Redefine Income Fund Limited - DIRECTORS DEALING ANNOUNCEMENT

Redefine Income Fund Limited - DIRECTORS DEALING ANNOUNCEMENT                   
Redefine Income Fund Limited                                                    
(Registration No. 1999/018591/06)                                               
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               :19 February 2004                            
Average Price                      :249,27 cents                                
Number of linked units             :150 552                                     
Total value                        :R375 280.97                                 
Class of securities                :Linked units                                
Nature                             :Sale of linked units                        
Interest                           :Indirect non-beneficial                     
Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
Requirements.                                                                   
Johannesburg                                                                    
20 February 2004                                                                
Sponsor:                                                                        
Java Capital (Pty) Limited                                                      
Date: 20/02/2004 02:08:20 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department