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Tue 23 Mar 2004, 16:34 RESIGNATION OF A NON-EXECUTIVE DIRECTOR
SYCOM PROPERTY FUND - RESIGNATION OF A NON-EXECUTIVE DIRECTOR                   
  SYCOM PROPERTY FUND                                                             
  ("Sycom" or "the Fund")                                                         
  A Collective Investment Scheme in property registered in terms of the           
  Collective Investment Schemes Control Act, No 45 of 2002 and managed by         
  Sycom Property Fund Managers Limited (Registration number 1986/002756/06)       
  JSE share code: SYC                                                             
  ISIN: ZAE000019303                                                              
  RESIGNATION OF A NON-EXECUTIVE DIRECTOR                                         
  In accordance with Section 3.59 of the JSE Securities Exchange South Africa     
  Listings Requirements, Sycom unitholders are advised that Mr Rael Abramowitz has
  resigned as a non-executive director of the Fund with effect from today.        
  Johannesburg                                                                    
  23 March 2004                                                                   
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 23/03/2004 04:26:04 PM Produced by the JSE SENS Department                
                                                                                  
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