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Wed 15 Dec 2004, 17:16 CHANGE TO THE BOARD OF DIRECTORS
SYCOM PROPERTY FUND -  CHANGE TO THE BOARD OF DIRECTORS                         
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                                       
CHANGE TO THE BOARD OF DIRECTORS                                                
In accordance with Section 3.59 of the JSE Securities Exchange South Africa     
Listings Requirements in respect of a change to the Board of Directors, Sycom   
unitholders are informed that Mr Matingi James Ngobeni has been appointed as non
executive director to the Board of Sycom Property Fund Managers Limited, the    
management company of Sycom with immediate effect.                              
Johannesburg                                                                    
15 December 2004                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 15/12/2004 04:38:31 PM                     
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