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Fri 10 May 2002, 0:00 Gold Reef Casino Resorts Limited - Further Caution
Gold Reef Casino Resorts Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/002108/06)
(Share code GDF     ISIN ZAE000028338)
("Gold Reef")
Further cautionary announcement
Shareholders  are  referred  to  the  Casinos  Austria  International   GmbH
acquisition  announcement  dated  7  March  2002  and  the  proposed   share
repurchase  announced in the Gold Reef results announcement dated  20  March
2002.
As  certain conditions precedent (including gaming board approval)  detailed
in  the  Casinos Austria acquisition announcement are still outstanding  and
details of the proposed share repurchase have not been finalised, Gold  Reef
shareholders  are  advised to continue to exercise caution  in  their  share
dealings until a further announcement is made.
Johannesburg
10 May 2002
Investment bank and sponsor
Nedcor Investment Bank Limited
Corporate law advisers and consultants
Edward Nathan & Friedland
Attorneys
Werksmans Attorneys
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