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 the company secretary in the company"s  
securities:                                                                     
Name of Company Secretary   Neville Toerien                                     
                            (Probity Business Services (Pty) Ltd                
Date of transaction         29 October 2004                                     
Average Price               314 cents                                           
Number of linked units      867                                                 
Total value                 R2,722.38                                           
Class of securities         Linked units                                        
Nature                      Sold - Participated in odd-lot offer                
Interest                    Direct                                              
Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
Requirements.                                                                   
Johannesburg                                                                    
1 November 2004                                                                 
Sponsor                                                                         
Java Capital (Pty) Limited                                                      
Date: 01/11/2004 11:49:35 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department