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Wed 5 Feb 2003, 12:31 GoldReef - 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 Securities Exchange South Africa   
Listings Requirements and with reference to the announcement published on 29    
January 2003, the following information relating to directors` dealings as a    
result of the specific pro-rata repurchase offer at R3,00 per share, including  
excess tenders is disclosed.                                                    
Shareholder/director  Nature of interest     Sold in terms of                   
                                             the repurchase on                  
                                             3 February 2003                    
A J Aaron             Indirect non-          6 046 073                          
Non-executive         beneficial                                                
director                                                                        
S B Joffe             Direct beneficial      103 146                            
Executive director                                                              
S B Joffe             Indirect non-          13 252                             
Executive director    beneficial                                                
A Krok                Direct beneficial      7 101                              
Alternate director                                                              
A Krok                Indirect non-          ***6 046 073                       
Alternate director    beneficial                                                
M Krok                Direct beneficial      267                                
Non-executive                                                                   
director                                                                        
M Krok                Indirect beneficial    ***1 413 049                       
Non-executive                                                                   
director                                                                        
M Krok                Indirect beneficial    40 933                             
Non-executive                                                                   
director                                                                        
M Krok                Indirect non-          4 633 024                          
Non-executive         beneficial                                                
director                                                                        
M Z Krok              Indirect beneficial    ****208 905                        
Non-executive                                                                   
director                                                                        
M Z Krok              Indirect non-          ****857 831                        
Non-executive         beneficial                                                
director                                                                        
S Krok                Indirect non-          1 066 736                          
Non-executive         beneficial                                                
director                                                                        
F McFadden**          Indirect non-          2 196 159                          
Non-executive         beneficial                                                
director                                                                        
C Neuberger**         Indirect non-          2 196 159                          
Executive director    beneficial                                                
B J Schutte           Indirect beneficial    1 635 733                          
Executive director                                                              
R Vierziger**          Indirect non-         2 196 159                          
Alternate director     beneficial                                               
**   Relates to CAI`s beneficial shareholding in Gold Reef.                     
***  Included in shareholding held non-beneficially in Gold Reef.               
**** Included in shareholding held non-beneficially by S Krok.                  
Further director`s dealings in Gold Reef shares are as follows:                 
Name BJ Schutte:                                                                
Date of transaction          - 4 April 2002                                     
Price                        - R2.50                                            
Number of shares             - 35 000                                           
Nature of transaction        - Sale                                             
Date of transaction          - 12 April 2002                                    
Price                        - R2.60                                            
Number of shares             - 50 000                                           
Nature of transaction        - Sale                                             
Date                         - 15 April 2002                                    
Price                        - R2.60                                            
Number of shares             - 1 000                                            
Nature of transaction        - Sale                                             
Date of transaction          - 16 April 2002                                    
Price                        - R2.60                                            
Number of shares             - 36 094                                           
Nature of transaction        - Sale                                             
Date of transaction          - 13 November 2002                                 
Price                        - R2.65                                            
Number of shares             - 10 127                                           
Nature of transaction        - Purchase                                         
Class of shares for all      - Ordinary shares                                  
Name of entity which traded                                                     
all the shares as listed     - Lavanre Nominees (Pty) Limited                   
above                                                                           
Extent of interest for all   - Indirect beneficial                              
Johannesburg                                                                    
4 February 2003                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 05/02/2003 09:23:00 AM Produced by the JSE SENS Department                


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