Trading statement RESILIENT PROPERTY INCOME FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/016851/06) JSE share code: RES ISIN: ZAE000043642 (Approved as a REIT by the JSE) (“Resilient”) TRADING STATEMENT In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution for the period to be reported on next will differ by at least 15% from the distribution for the previous corresponding period. Accordingly, linked unitholders are advised that Resilient anticipates that the distribution per linked unit for the six months ended 31 December 2013 will be between 17% and 19% higher than for the six months ended 31 December 2012. The variance to guidance provided is mainly as a result of turnover rent significantly exceeding budget and the weaker Rand which positively impacted on dividends from Resilient’s foreign investments. The financial results on which this trading statement is based have not been reviewed or reported on by Resilient’s auditors. The financial results announcement will be published on or about 5 February 2014. 27 January 2014 Sponsor Java Capital Date: 27/01/2014 07:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.