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Wed 20 Feb 2008, 10:47 GDF - Gold Reef Resorts Limited - Dealings In Securities
GDF
 GDF                                                                             
GDF - Gold Reef Resorts Limited - Dealings In Securities                        
GOLD REEF RESORTS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1989/002108/06                                              
Share code: GDF                                                                 
ISIN: ZAE000028338                                                              
Dealings In Securities                                                          
In compliance with rules 3.63 - 3.74 of the JSE Listings Requirements, the      
following information is disclosed                                              
Director                        Maxim Krok ("Krok")                             
Date of transaction             19 February 2008                                
Number of shares                15 909 837                                      
Price of shares                 R23.30 per share                                
Class of shares                 Ordinary shares                                 
Nature of transactions          Re-organisation  of  family  affairs.   The     
persons   who   will  hold   the   ultimate      
                               interests in the 15 909 837 shares will  be      
                               the  same persons who presently hold  those      
                               interests.                                       

Nature of interest              Direct and indirect beneficial interests in     
                               15  909  837  shares before and  after  the      
                               transactions.   After  the  re-organisation      
Krok will continue to hold an indirect non-      
                               beneficial interest in 46 779 464 shares as      
                               a  trustee of other trusts not affected  by      
                               the re-organisation.                             

Director                        Abraham Krok ("AK") (alternate) and  Arthur     
                               Jacob Aaron ("Aaron")                            
Date of transaction             19 February 2008                                
Number of shares                15 585 569                                      
Price of shares                 R23.30                                          
Class of shares                 Ordinary shares                                 
Nature of transactions          Re-organisation of the affairs  of  certain     
Krok family affairs                              
                                                                                
Nature of interest              As  a result of the re-organisation AK  and     
                               Aaron will no longer hold an indirect  non-      
beneficial  interest in the  above  shares.      
                               After the re-organisation AK and Aaron will      
                               continue to hold an indirect non-beneficial      
                               interest in 46 779 464 shares as a  trustee      
of  other  trusts not affected by  the  re-      
                               organisation.                                    
Clearance in terms of paragraph 3.66 of the JSE Listings Requirements was       
obtained for the transactions.                                                  
20 February 2008                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 20/02/2008 10:47:50 Produced by the JSE SENS Department.                  
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