ZX, thanks for the reply. I changed both the CamShaft sensors and still shows up and after a few months now I have been watching it and noticed something strange.....The light always comes on when the fuel tank drops to just above 3/4 full and goes off again when it gets to just over 1/4 tank full. Very strange and the car drives and runs fine, no excess revvyness at all. I had read somewhere about the pressure in the fuel tank causing problems because the seal on the fuel cap was not right.
My Lexus dealer gave me the same line "strip the engine down to check the timing chain" and it would cost about €2,500 to do it!!!
I might just get two new VVTI solenoids and see how it goes from there. The car runs and drives like a dream even though the error is there.