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Wed 21 Jul 2004, 17:35 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 to 3.74 of the JSE Securities Exchange South    
Africa Listings Requirements, the following information is disclosed:           
Director                 :  F M Berkeley                                        
Company                  :  Sycom Property Fund Managers Limited, the management
                            company of Sycom                                    
Class of securities      :  Sycom units                                         
Transaction date         :  19 July 2004                                        
Price                    :  R10.26 per unit                                     
Number of securities     :  2 000 units                                         
Total value              :  R20 520.00                                          
Transaction date         :  19 July 2004                                        
Price                    :  R10.30 per unit                                     
Number of securities     :  4 679 units                                         
Total value              :  R48 193.70                                          
Transaction date         :  21 July 2004                                        
Price                    :  R10.37 per unit                                     
Number of securities     :  34 104 units                                        
Total value              :  R353 658.48                                         
Nature of transactions   :  Open market purchase                                
Extent of interest       :  Direct beneficial                                   
Clearance to deal obtained    Yes                                               
Johannesburg                                                                    
21 July 2004                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 21/07/2004 05:17:02 PM                   
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