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Tue 13 Jul 2004, 12:38 Trading Statement And Cautionary Announcement
Gold Reef - Trading Statement And Cautionary Announcement                       
  Gold Reef Casino Resorts Limited                                                
  Incorporated in the Republic of South Africa                                    
  (Registration number 1989/002108/06)                                            
  Share code : GDF     ISIN : ZAE000028338                                        
  (`Gold Reef`)                                                                   
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  Gold Reef shareholders are advised that earnings and headline earnings per share
  for the six months ended 30 June 2004 will be materially higher than that of the
  prior comparative period.                                                       
  In this announcement the word `materially` refers to an increase of between 10% 
  and 30% as defined in the JSE Securities Exchange South Africa Listings         
  Requirements.                                                                   
  Further details of the above will be provided when Gold Reef`s results for the  
  six months ended 30 June 2004 are published in late August 2004.                
  As the results for the six months ended 30 June 2004 have not been reviewed and 
  reported on by Gold Reef`s auditors, shareholders are advised to exercise       
  caution when dealing in Gold Reef`s shares until the aforementioned interim     
  results are published.                                                          
  Johannesburg                                                                    
  13 July 2004                                                                    
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 13/07/2004 12:12:46 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  


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