SYCOM PROPERTY FUND - Dividend declaration and change in year-end

Dividend declaration and change in year-end

Sycom Property Fund
A Collective Investment Scheme in Property
Registered in terms of the Collective Investment Schemes
Control Act, No. 45 of 2002
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”)



DIVIDEND DECLARATION AND CHANGE IN YEAR-END

1. INTRODUCTION

   1.1. Holders of Sycom participatory interests (“Unitholders” and “Units”) are referred to the joint
        finalisation announcement issued by Acucap Properties Limited (“Acucap”) and Growthpoint
        Properties Limited (“Growthpoint”) on 12 March 2015 and the circular issued to Acucap
        shareholders dated 15 January 2015 (the “Circular”) regarding the offer by Growthpoint to
        acquire all of the shares in Acucap that it does not already own, by way of a scheme of
        arrangement (the “Scheme”).

   1.2. Acucap and Growthpoint respectively hold approximately 83.4% and 15.6% of the Units in issue.

   1.3. As detailed in the Circular, Acucap and Growthpoint will, prior to the implementation date of the
        Scheme, being Tuesday 28 April 2015, each declare a dividend for the respective periods of 1
        October 2014 to 31 March 2015 and 1 January 2015 to 31 March 2015.

   1.4. Given the extent of Growthpoint and Acucap’s interests in Sycom, the board of directors of
        SPFM (the “Board”) has resolved to declare a distribution to Unitholders in respect of the period
        1 October 2014 to 31 March 2015 (the “Sycom Dividend”).

2. SYCOM DIVIDEND DECLARATION

   2.1. Notice is hereby given that the following dates are of importance with regards to the declaration
        of the Sycom Dividend.

         Finalisation date in respect of the Sycom Dividend           Friday, 10 April 2015
         Last day to trade in respect of the Sycom Dividend           Friday, 17 April 2015
         Units trade ex-dividend from                                 Monday, 20 April 2015
         Dividend record date                                         Friday, 24 April 2015
         Payment date of the Sycom Dividend                           Tuesday, 28 April 2015


   2.2. Unitholders will have their account credited with their central securities depository participant or
        broker on the abovementioned payment date.


   2.3. Unit certificates may not be dematerialised or rematerialised between Monday, 20 April 2015
        and Friday, 24 April 2015, both days inclusive.
    2.4. A dividend finalisation announcement will be released on SENS on or before Friday, 10 April
         2015 containing the amount of the Sycom Dividend and the tax treatment thereof for Unitholders.


3. THE BOARD OF DIRECTORS OF SPFM

   In accordance with the implementation agreement entered into between Acucap and Growthpoint, the
   salient terms of which can be found in the Circular available on Acucap’s website www.acucap.co.za,
   changes to the Board are required to be made and Unitholders will be notified accordingly as and
   when any such changes are finalised.


4. CHANGE IN YEAR END

   In anticipation of the implementation of the Scheme, Unitholders are advised that Sycom’s year-end
   has been changed from 31 March to 30 June in order to align its reporting timelines with those of
   Growthpoint. The change in year-end of Sycom is effective from the 2015 financial year.

   Accordingly, in compliance with section 3.15(b) of the JSE Listings Requirements, Sycom will publish a
   second interim report for the 12 months ended 31 March 2015 on or before 30 June 2015.



1 April 2015


Sponsor
Questco Corporate Advisory

Date: 01/04/2015 11:08:00 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.