RDF - Redefine Income Fund Limited - Changes to the board of directors

RDF - Redefine Income Fund Limited - Changes to the board of directors          
Redefine Income Fund Limited                                                    
(Registration No. 1999/018591/06)                                               
Share Code: RDF    ISIN Code: ZAE000023503                                      
("Redefine"or "the company")                                                    
CHANGES TO THE BOARD OF DIRECTORS                                               
Linked unitholders are advised that, pursuant to the merger of Redefine with    
ApexHi Properties Limited and Madison Property Fund Managers Holdings Limited,  
the board of directors of Redefine has been reconstituted with the effect from 5
August 2009.                                                                    
Marc Wainer and Wolf Cesman who were previously non-executive directors have    
been appointed as joint chief executive officers. The remaining executive       
directors comprise Brian Azizollahof together with new appointments Mike Flax,  
David Rice and financial director Janys Finn.                                   
Dines Gihwala will continue as non-executive chairman. The non-executive        
directors comprise  Di Perton together with new appointments Gerald Leissner,   
Harish Metha, Greg Heron, Monica Khumalo and Bernard Nackan.                    
Greg Heron has been appointed chairman of the audit committee. Other members are
Gerald Leissner and Bernard Nackan.                                             
Liliane Barnard, Stewart Shaw-Taylor and Neville Venter have resigned as non-   
executive directors due to other commitments. The board of Redefine thanks them 
for their many years of valued service to the company.                          
5 August 2009                                                                   
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 05/08/2009 15:10:23 Supplied by www.sharenet.co.za                     
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