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Thu 10 Jun 2004, 15:06 DEALING IN SECURITIES BY A DIRECTOR
SYCOM PROPERTY FUND - DEALING IN SECURITIES BY A 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                                                              
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with section 3.63 of the JSE Securities Exchange Listings         
Requirements, the following information is disclosed:                           
Director:                     F M Berkeley                                      
Company:                      Sycom Property Fund Managers Limited, the         
                              management company of Sycom                       
Transaction date:             8 June 2004                                       
Class of securities:          Units                                             
Price:                        R10.20 per unit                                   
Number of securities:         20 000 units                                      
Total value:                  R204 000                                          
Nature of transaction:        Open market purchase                              
Extent of interest:           Direct beneficial                                 
Clearance to deal obtained:   Yes                                               
Johannesburg                                                                    
10 June 2004                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 10/06/2004 02:58:02 PM                   
Produced by the JSE SENS Department                                             
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