RDF - Redefine - Change To The Board Of Directors

RDF - Redefine - Change To The Board Of Directors                               
Redefine Income Fund Limited                                                    
Registration No. 1999/018591/06)                                                
Share Code: RDF & ISIN Code: ZAE000023503                                       
("Redefine")                                                                    
CHANGE TO THE BOARD OF DIRECTORS                                                
In accordance with paragraph 3.59 of the JSE Listings Requirements, notification
is hereby given that Mr Dines Gihwala has, with immediate effect, been appointed
as the independent non-executive director and chairman of Redefine. Wolf Cesman 
will remain on the board as a non-executive director.                           
Dines Gihwala is Chairman of Hofmeyr Herbstein & Gihwala Inc, one of the largest
law practices in South Africa.  Dines has served as a Judge of the High Court,  
as Vice Chairman of Free State University (FSU) Council, is a founder member of 
Nadel (National Association of Democratic Lawyers) and received a Gold Merit    
Award from the IEC for his work in the first democratic elections.  He has      
served as Curator in high profile cases of corporate mismanagement.  He is      
currently also a member of the Board of the Independent Regulatory Body for     
Auditors, a Professor of Law and a member of the FSU Council.                   
Mr Gihwala`s appointment enhances Redefine`s compliance with and reflects       
Redefine`s commitment to the Code of Corporate Practice and Conduct as set out  
in the Second King Report and the JSE Listings Requirements.                    
Rosebank                                                                        
18 April 2007                                                                   
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 18/04/2007 17:06:14 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.