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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 and with
reference to the announcement published on 22 November 2002, the following
information relating to trades by Casinos Austria International Holding GmbH
("CAI") is disclosed. Messrs F McFadden (director), C Neuberger (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 24 615 385 shares from the S Krok Trusts as previously disclosed and as
set out below.
Name CAI
Date of transaction 11 December 2002
Price R3,25 per share
Share Class Ordinary shares
Number of securities 24 615 385
Nature of transaction Purchase
Director M Z Krok
Date of transaction 11 December 2002
Price R3,25 per share
Share Class Ordinary shares
Number of securities 24 615 385
Nature of transaction Sale
Extent of interest Indirect, non-beneficial
Director S Krok (alternate director)
Date of transaction 11 December 2002
Price R3,25 per share
Share Class Ordinary shares
Number of securities 24 615 385
Nature of transaction Sale
Extent of interest Indirect, non-beneficial
The above transaction is subject to the resolutive condition that, if not
approved by the relevant Gaming Boards, it will be cancelled.
CAI (52 000 000 shares), the A Krok Trusts and Mark Krok (52 000 000 shares) and
the S Krok Trusts (11 150 737 shares) have entered into a voting pool agreement
in respect of their abovementioned GoldReef shares. The voting pool is
controlled by CAI and the A Krok Trusts.
CAI is owned as to one third by the Austrian Central Bank, one third by Austrian
institutions and one third by private investors. CAI administers casinos on five
continents and on cruise liners, and enjoys a reputation as one of the world`s
leading gaming operators.
Johannesburg
13 December 2002
Sponsor
Nedcor Investment Bank Limited
Date: 13/12/2002 03:16:01 PM Produced by the JSE SENS Department
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