SYCOM PROPERTY FUND - SYC - Intention of Directors and their Associates to follow Rights

SYC - Intention of Directors and their Associates to follow Rights

SYCOM PROPERTY FUND
("Sycom”)
A Collective Investment Scheme in Property ("CISP") registered in terms of the Collective Investment
Schemes Control Act, No. 45 of 2002 and managed by Sycom Property Fund Managers Limited (“SPFM”)
(Registration number 1986/002756/06)
JSE Share code: SYC
ISIN: ZAE000019303

INTENTION OF DIRECTORS AND THEIR ASSOCIATES TO FOLLOW RIGHTS

Holders (“Unitholders”) of participatory interests (“Units”) in Sycom are referred to the announcement (“the
Declaration Announcement”) published on SENS on 28 March 2013 and in the South African press on 2
April 2013, wherein Sycom announced its intention to raise R900 000 002 by way of a fully underwritten
renounceable rights offer (the “Rights Offer”) of 33 027 523 new Sycom units (the “Rights Offer Units”) to
qualifying Unitholders at a subscription price of 2 725 cents (R27.25) per Rights Offer Unit, at a ratio of
entitlement of 13.28519 Rights Offer Units for every 100 Units held on the Rights Offer record date, being
Friday, 26 April 2013.

Unitholders are advised that the following directors of SPFM, who collectively hold 422 909 Units equating
to approximately 0.16% of the issued Units, have committed to following their rights under the Rights Offer:

                                                          
                                     Current Units          Number of             Value             % of 
 Direct beneficial interest                   held             Rights            (Rand)           issued
                                                         committed to                              Units
                                                        
 FM Berkeley                               210,090             27,911        760,574.75             0.08
 PA Theodosiou                             200,000             26,570        724,032.50             0.08
                                           -------             ------      ------------
                                           410,090             54,481      1,484,607.25             0.16
 Units held by associates of
 Directors
 HH-O Steyn (held by spouse,
 Rosemary Steyn)                            12,000              1,594         43,436.50                *
                                           -------              -----         ---------             ---- 
 Total                                     422,090              1,594         43,436.50             0.16

*less than 0.001%

Clearance, in terms of section 3.66 of the JSE Limited Listings Requirements, to participate in the Rights
Offer was obtained and the undertakings to participate in the Rights Offer were signed prior to the
commencement of the financial closed period.

11 April 2013

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

Date: 11/04/2013 12:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.