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Thu 21 Feb 2008, 7:10 GDF - Gold Reef Resorts Limited - Cautionary announcement
GDF
 GDF                                                                             
GDF - Gold Reef Resorts Limited - Cautionary announcement                       
GOLD REEF RESORTS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1989/002108/06                                              
Share code: GDF                                                                 
ISIN: ZAE000028338                                                              
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that Gold Reef has been approached by Tsogo Sun        
Holdings (Proprietary) Limited ("Tsogo Sun") and has had a preliminary meeting  
in which Tsogo Sun indicated that it is contemplating a potential offer for Gold
Reef. Discussions are at a very preliminary stage and there can be no certainty 
at all that an offer will ultimately be forthcoming. Accordingly, shareholders  
are advised to exercise caution when dealing in the company`s shares until a    
further announcement is made.                                                   
21 February 2008                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 21/02/2008 07:10:03 Produced by the JSE SENS Department.                  
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