Redefine - Directors Dealing Announcement

Redefine - 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       27 February 2004                                     
Average Price              254,62 cents                                         
Number of linked units     120 286                                              
Total value                R306 272.21                                          
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                                                                    
2 March 2004                                                                    
Sponsor:                                                                        
Java Capital (Pty) Limited                                                      
Date: 02/03/2004 04:25:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department