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Mon 30 Aug 2004, 16:21 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 3.65 of the JSE Securities Exchange South    
  Africa Listings Requirements, the following information is disclosed:           
  Director                 A Meyerowitz                                           
  Company                  Sycom Property Fund Managers Limited, the management   
                           company of Sycom                                       
  Class of securities      Sycom units                                            
  Transaction date         30 August 2004                                         
  Price                    R10.50 per unit                                        
  Number of securities     3 200 units                                            
  Total value              R33 600.00                                             
  Nature of transaction    Open market sale                                       
  Extent of interest       Indirect beneficial                                    
  Clearance to deal                                                               
  obtained                 Yes                                                    
  Johannesburg                                                                    
  30 August 2004                                                                  
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 30/08/2004 03:55:09 PM Produced by the JSE SENS Department
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