SYC - Sycom Property Fund - Fulfilment of the remaining condition precedent

SYC - Sycom Property Fund - Fulfilment of the remaining condition precedent     
regarding the acquisitions of Paarl Mall and the Kraft Foods Building           
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 ("Sycom Property Fund Managers")                          
(Registration number 1986/002756/06)                                            
JSE Share code: SYC & ISIN:ZAE000019303                                         
("Sycom" or "the Fund")                                                         
FULFILMENT OF THE REMAINING CONDITION PRECEDENT REGARDING THE ACQUISITIONS OF   
PAARL MALL AND THE KRAFT FOODS BUILDING                                         
Sycom unitholders are referred to the announcement released on SENS on 10       
November 2011 regarding the acquisition by Sycom of a further shareholding in   
the properties on which the shopping centre known as the Paarl Mall is located  
as well as the acquisition of the Kraft Foods Building in the Harrowdene Office 
Park, Woodmead, Sandton ("the transactions"), and are hereby advised that       
Competition Tribunal approval, being the last outstanding condition precedent   
pertaining to the transactions, has been obtained.                              
17 February 2012                                                                
Cape Town                                                                       
Investment bank and Sponsor                                                     
Nedbank Capital                                                                 
Date: 17/02/2012 09:27:23 Supplied by www.sharenet.co.za                     
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