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Mon 30 May 2005, 17:32 Sycom Property Fund - Dealing in securities by a d
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                      F M Berkeley                                      
Company                       Sycom Property Fund Managers Limited, the         
                              management company of Sycom                       
Class of securities           Sycom units                                       
Transaction date              30 May 2005                                       
Price                         R14.52 per unit                                   
Number of securities          23 852 units                                      
Total value                   R346 331.04                                       
Nature of transactions        Open market purchase                              
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Johannesburg                                                                    
30 May 2005                                                                     
Sponsor                                                                         
Nedbank Capital
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