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           Marc Wainer                                          
Date of transaction        3 November 2004                                      
Average Price              293 cents                                            
Number of linked units     120,500                                              
Total value                R353,065.00                                          
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                                                                    
3 November 2004                                                                 
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 03/11/2004 04:35:47 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department