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Release Date: 09/12/2002 16:16:02 Code(s): GDF
Gold Reef Casino Resorts Limited - Dealings In Securities by Directors
GOLD REEF CASINO RESORT LIMITED
Incorporated in the Republic of South Africa
(Registration number 1989/002108/06)
Share code : GDF ISIN : ZAE000028338
("GoldReef")
DEALING IN SECURITIES BY DIRECTORS
In terms of paragraph 3.72 - 3.75 of the JSE Listings Requirements, the
following information relating to trades by directors of GoldReef is disclosed.
Director S B Joffe
Date of transaction 9 December 2002
Price R1,25 per share
Share Class Ordinary shares
Number of securities 500 000
Nature of transaction Payment in respect of options exercised
Extent of interest Direct, Beneficial
Director S B Joffe
Date of transaction 9 December 2002
Price R3,00 per share
Share Class Ordinary shares
Number of securities 500 000
Nature of transaction Disposal
Extent of interest Direct, Beneficial
Director J S Friedman
Date of transaction 9 December 2002
Price R1,25 per share
Share Class Ordinary shares
Number of securities 166 667
Nature of transaction Payment in respect of options exercised
Extent of interest Direct, Beneficial
Director J S Friedman
Date of transaction 9 December 2002
Price R3,00 per share
Share Class Ordinary shares
Number of securities 166 667
Nature of transaction Disposal
Extent of interest Direct, Beneficial
The above shares as well as an additional 484 999 shares, totalling 1 151 666
shares were acquired on 9 December 2002 on the market by Casinos Austria
International Holding GmbH ("CAI"). Messrs C Neuberger (director), F McFadden
(director) and R Vierziger (alternate director) represent CAI on GoldReef`s
board of directors and are accordingly indirectly non-beneficially interested in
the acquisition of the abovementioned 1 151 666 shares by CAI.
Johannesburg
9 December 2002
Sponsor
Nedcor Investment Bank Limited
Date: 09/12/2002 04:16:00 PM Produced by the JSE SENS Department
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