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Thu 24 Jun 2004, 11:52 Dealing In Securities By A Director
Sycom Property Fund - Dealing In Securities By A Director 

Release Date: 24/06/2004 10:24:52      Code(s): SYC        
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         24 June 2004                                           
Class of securities      Units                                                  
Price                    R10.00 per unit                                        
Number of securities     10 000 units                                           
Total value              R100 000                                               
Nature of transaction    Open market purchase                                   
Extent of interest       Direct beneficial                                      
Clearance to deal                                                               
obtained                 Yes                                                    
Johannesburg                                                                    
24 June 2004                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
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