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Siyathenga Property Fund Limited - Cautionary Announcement                      
SIYATHENGA PROPERTY FUND LIMITED                                                
(Registration number 2004/005198/06)                                            
Share code: SYA                                                                 
ISIN: ZAE00069530                                                               
("Siyathenga" or "the company")                                                 
CAUTIONARY ANNOUNCEMENT                                                         
Siyathenga linked unitholders are advised that the company has entered into     
negotiations regarding the acquisition of a portfolio of properties which, if   
successfully concluded, may have a material effect on the price of the company"s
linked units. Accordingly, linked unitholders are advised to exercise caution   
when dealing in the company"s linked units until a further announcement is made.
Craighall                                                                       
23 November 2005                                                                
Sponsor                                                                         
Standard Bank                                                                   
Date: 23/11/2005 10:12:20 AM Produced by the JSE SENS Department                
                                                                                
                                                                                

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