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Wed 11 Dec 2002, 13:36 Gold Reef Casino Resorts Limited - Dealing In Secu
Gold Reef Casino Resorts Limited - Dealing In Securities By Directors           
Gold Reef Casino Resorts 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 Casinos Austria International       
Holding GmbH ("CAI") is disclosed.  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 by CAI of the 122 700 shares set out below.                     
Date of transaction      9 December 2002                                        
Price                    R2,60 per share                                        
Share Class              Ordinary shares                                        
Number of securities     65 500                                                 
Nature of transaction    Purchase                                               
Date of transaction      9 December 2002                                        
Price                    R2,80  per share                                       
Share Class              Ordinary shares                                        
Number of securities     30 000                                                 
Nature of transaction    Purchase                                               
Date of transaction      9 December 2002                                        
Price                    R2,95 per share                                        
Share Class              Ordinary shares                                        
Number of securities     27 200                                                 
Nature of transaction    Purchase                                               
Johannesburg                                                                    
11 December 2002                                                                
Sponsor                                                                         
Nedcor Investment Bank Limited                                                  
Date: 11/12/2002 11:51:27 AM Produced by the JSE SENS Department                

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