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Wed 30 Apr 2008, 11:00 GDF - Gold Reef Resorts - Dealing In Securities By
GDF
 GDF                                                                             
GDF - Gold Reef Resorts - Dealing In Securities By Directors And                
                        Company Secretary                                       
Gold Reef Resorts Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number : 1989/002108/06)                                          
Share code : GDF     ISIN : ZAE000028338                                        
("Gold Reef")                                                                   
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY                        
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Limited, the following information, relating to the dealing in securities by    
directors and company secretary is disclosed:                                   
Executive director                 :    S B Joffe                               
Company of which a director        :    Gold Reef                               
Transaction date                   :    29 April 2008                           
Class of securities                :    Ordinary shares                         
Number of securities               :    500 000                                 
Strike Price                       :    R15.35                                  
Value of transaction               :    R7 675 000                              
Number of securities               :    500 000                                 
Strike Price                       :    R14.39                                  
Value of transaction               :    R7 195 000                              
Nature of transaction              :    Exercise of share options in terms of   
                                       the Gold Reef Share Scheme               
Extent of interest                 :    Direct beneficial                       
Clearance to deal                  :    Yes                                     
Executive director                 :    J S Friedman                            
Company of which a director        :    Gold Reef                               
Transaction date                   :    29 April 2008                           
Class of securities                :    Ordinary shares                         
Number of securities               :    170 000                                 
Strike Price                       :    R15.35                                  
Value of transaction               :    R2 609 500                              
Number of securities               :    300 000                                 
Strike Price                       :    R14.39                                  
Value of transaction               :    R4 317 000                              
Nature of transaction              :    Exercise of share options in terms of   
                                       the Gold Reef Share Scheme               
Extent of interest                 :    Direct beneficial                       
Clearance to deal                  :    Yes                                     
Executive director                 :    C Neuberger                             
Company of which a director        :    Gold Reef                               
Transaction date                   :    29 April 2008                           
Class of securities                :    Ordinary shares                         
Number of securities               :    170 000                                 
Strike Price                       :    R15.35                                  
Value of transaction               :    R2 609 500                              
Number of securities               :    300 000                                 
Strike Price                       :    R14.39                                  
Value of transaction               :    R4 317 000                              
Nature of transaction              :    Exercise of share options in terms of   
                                       the Gold Reef Share Scheme               
Extent of interest                 :    Direct beneficial                       
Clearance to deal                  :    Yes                                     
Executive director                 :    B J Biyela                              
Company of which a director        :    Gold Reef                               
Transaction date                   :    29 April 2008                           
Class of securities                :    Ordinary shares                         
Number of securities               :    68 000                                  
Strike Price                       :    R15.35                                  
Value of transaction               :    R1 043 800                              
Nature of transaction              :    Exercise of share options in terms of   
                                       the Gold Reef Share Scheme               
Extent of interest                 :    Direct beneficial                       
Clearance to deal                  :    Yes                                     
Company secretary                       :    C R T Paul                         
Company of which a company secretary    :    Gold Reef                          
Transaction date                        :    29 April 2008                      
Class of securities                     :    Ordinary shares                    
Number of securities                    :    75 000                             
Strike Price                            :    R14.39                             
Value of transaction                    :    R1 079 250                         
Nature of transaction                   :    Exercise of share options in terms 
                                            of the Gold Reef Share Scheme       
Extent of interest                      :    Direct beneficial                  
Clearance to deal                       :    Yes                                
Johannesburg                                                                    
30 April 2008                                                                   
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 30/04/2008 11:00:01 Produced by the JSE SENS Department.                  
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