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Tue 11 Jan 2005, 16:47 DEALING IN SECURITIES BY A DIRECTOR
SYCOM PROPERTY FUND - DEALING IN SECURITIES BY A DIRECTOR                       
SYCOM PROPERTY 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                                                              
(`Sycom` or `the Fund`)                                                         
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 of which a director   :  Sycom Property Fund Managers Limited, the      
                                 management company of Sycom                    
Class of securities           :  Sycom units                                    
Transaction date              :  11 January 2005                                
Price                         :  R13.10 per unit                                
Number of securities          :  20 000 units                                   
Total value                   :  R262 000                                       
Nature of transactions        :  Open market purchase                           
Extent of interest            :  Direct beneficial                              
Clearance to deal obtained    :  Yes                                            
Director                      :  F M Berkeley                                   
Company of which a director   :  Sycom Property Fund Managers Limited, the      
                                 management company of Sycom                    
Class of securities           :  Sycom units                                    
Transaction date              :  11 January 2005                                
Price                         :  R12.90 per unit                                
Number of securities          :  30 000 units                                   
Total value                   :  R387 000                                       
Nature of transactions        :  Open market purchase                           
Extent of interest            :  Direct beneficial                              
Clearance to deal obtained    :  Yes                                            
Johannesburg                                                                    
11 January 2005                                                                 
Sponsor                                                                         
Nedbank Capital
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