GOLD REEF CASINO RESORTS
(Incorporated in the Republic of South Africa)
(Registration number 1989/002108/06)
("GoldReef")
Cautionary announcement
Shareholders are advised that GoldReef has entered into potentially
protracted discussions which, if successfully concluded, may have an effect
on the price of GoldReef's shares. Accordingly, shareholders are advised to
exercise caution when dealing in GoldReef's shares until a further
announcement is made.
Johannesburg
24 May 2001
Investment bank and sponsor
Nedcor Investment Bank
Attorneys
Werksmans
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