Trading statement 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”) TRADING STATEMENT In compliance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the next period to be reported on are likely to vary by more than 20% from the previous corresponding period. Unitholders are advised that Sycom changed its financial year end from 31 March to 30 June during the 2015 financial period and therefore the current reporting covers the 6 months ended 31 December 2015, while the comparative period relates to the 6 months ended 30 September 2014. The directors of SPFM accordingly report that in respect of the six months ended 31 December 2015 - - Headline earnings per unit will increase by 46.0% to 137.74 cents (30 September 2014: 94.32 cents); and - Earnings per unit will increase by 61.2% to 154.55 cents (30 September 2014: 95.88 cents). The above increases can be attributed mainly to non-cash gains on the revaluations of investment properties and Sycom’s investment in Stenham European Shopping Centre Fund. These gains will not impact on the calculation of distributable income. The contents of this trading statement and the financial information on which it has been based have not been reviewed or reported on by Sycom’s auditors. Unitholders are advised that the interim results for the six months ended 31 December 2015 are expected to be released on or about 2 March 2016. Cape Town 19 February 2016 Sponsor Questco (Pty) Limited Date: 19/02/2016 05:45:00 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.
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