Redefine Income Fund Limited - Directors Dealings in shares

Redefine Income Fund Limited - Directors Dealings in shares                     
Redefine Income Fund Limited                                                    
(Registration No. 1999/018591/06)                                               
Share Code: RDF    ISIN Code: ZAE000023503                                      
("Redefine")                                                                    
DIRECTORS DEALINGS ANNOUNCEMENT                                                 
In compliance with section 3.63 to 3.74 of the Listings Requirements of the JSE,
we hereby advise the following dealing by a director in the company"s           
securities:                                                                     
Name of director           Eric Ellerine                                        
Date of transaction        22 November 2004                                     
Average Price              290.1 cents                                          
Number of linked units     965,984                                              
Total value                R2,802,319.58                                        
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                                                                    
23 November 2004                                                                
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 23/11/2004 05:17:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department