Redefine Income Fund Limited - Directors Dealings Announcement

Redefine Income Fund Limited - Directors Dealings Announcement                  
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 dealings by a director in the company"s          
securities:                                                                     
Name of director                   Marc Wainer                                  
Transactor                         Drawood First Investments (Pty) Ltd in which 
Marc Wainer holds a 24% interest             

Date of transaction                22 November 2004                             
Average Price                      294 cents                                    
Number of linked units             62,643                                       
Total value                        R184,170.42                                  
Class of securities                Linked units                                 
Nature                             Sale of linked units                         
Interest                           Indirect beneficial                          
Name of director                   Marc Wainer                                  
Transactor                         Drawood First Investments (Pty) Ltd in which 
                                   Marc Wainer holds a 24% interest             
Date of transaction                23 November 2004                             
Average price                      293 cents                                    
Number of linked units             43,867                                       
Total value                        R128,530.31                                  
Class of securities                Linked units                                 
Nature                             Sale of linked units                         
Interest                           Indirect beneficial                          
Name of director                   Marc Wainer                                  
Date of transaction                23 November 2004                             
Average price                      293 cents                                    
Number of linked units             135,706                                      
Total value                        R397,618.58                                  
Class of securities                Linked units                                 
Nature                             Sale of linked units                         
Interest                           Direct beneficial                            
Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
Requirements.                                                                   
Johannesburg                                                                    
24 November 2004                                                                
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 25/11/2004 04:30:27 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department