No change statement and notification of distribution for the six months ending 30 September 2014 Sycom Property Fund A Collective Investment Scheme in Property ("CISP") registered in terms of the Collective Investment Schemes Control Act, No. 45 of 2002 (“CISCA”) and managed by Sycom Property Fund Managers Limited (“SPFM”) (Registration number 1986/002756/06) Share code: SYC ISIN: ZAE000019303 (Approved as a REIT by the JSE) (“Sycom”) NO CHANGE STATEMENT AND NOTIFICATION OF DISTRIBUTION FOR THE SIX MONTHS ENDING 30 SEPTEMBER 2014 1. No change statement Unitholders are hereby advised that the integrated annual report will be published on Sycom's website (www.sycom.co.za) with effect from today, 30 September 2014. The annual financial results contain no changes to the provisional financial results which were released on SENS on 12 June 2014. 2. Notification of distribution for the six months ending 30 September 2014 Unitholders are hereby advised that the board of directors of SPFM has resolved to declare a distribution to unitholders in respect of the six month period ending 30 September 2014 (“the Interim Distribution”). The amount of the Interim Distribution will be announced during November 2014 and will be calculated in accordance with Sycom’s Trust Deed and in the same manner as previous distributions. Further information pertaining to the Interim Distribution, including the salient dates and times, will be released on SENS during November 2014. Cape Town 30 September 2014 Sponsor to Sycom Questco (Pty) Ltd Date: 30/09/2014 12:01:00 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.