No change statement and notification of distribution for the six months ending 31 December 2015 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 (“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 31 DECEMBER 2015 1. No change statement Unitholders are hereby advised that the Sycom’s annual report for the fifteen month period ended 30 June 2015 will be published on Sycom's website (www.sycom.co.za) with effect from today, 18 December 2015 and distributed to Sycom unitholders on Tuesday, 22 December 2015. The annual financial results included in the annual report contain no changes to the provisional financial results which were released on SENS on 26 August 2015. 2. Notification of distribution for the six months ending 31 December 2015 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 31 December 2015 (“the Interim Distribution”). The amount of the Interim Distribution will be announced on SENS on or about 2 March 2016 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 on or about 2 March 2016. Cape Town 18 December 2015 Sponsor to Sycom Questco (Pty) Ltd Date: 18/12/2015 04:00:00 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.