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Tue 23 May 2006, 8:55 Sycom - Dealing in securities by a director
SYC
 SYC                                                                             
Sycom - 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         19 May 2006                                            
Price                    R18.60 per unit                                        
Number of securities     2 856 units                                            
Total value              R53 121.60                                             
Transaction date         19 May 2006                                            
Price                    R18.70 per unit                                        
Number of securities     30 000 units                                           
Total value              R561 000.00                                            
Transaction date         22 May 2006                                            
Price                    R18.70 per unit                                        
Number of securities     17 144 units                                           
Total value              R320 592.80                                            
Nature of transactions   Open market purchase                                   
Extent of interest       Direct beneficial                                      
Clearance to deal                                                               
obtained                 Yes                                                    
Johannesburg                                                                    
23 May 2006                                                                     
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 23/05/2006 08:55:57 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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