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Wed 9 Feb 2005, 17:07 RESIGNATION OF NON-EXECUTIVE DIRECTOR
SYCOM PROPERTY FUND - RESIGNATION OF NON-EXECUTIVE 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                                                              
RESIGNATION OF NON-EXECUTIVE DIRECTOR                                           
In accordance with Section 3.59 of the JSE Securities Exchange South Africa     
Listings Requirements, unitholders are advised that Mr Michael Simpson Aitken,  
resigned as a non-executive director of the Fund with effect from today.        
Johannesburg                                                                    
9 February 2005                                                                 
Sponsor                                                                         
Nedbank Capital
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