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Thu 31 Mar 2005, 14:13 DEALING IN SECURITIES BY DIRECTORS
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)                                            
(`GRCR`)                                                                        
Share code : GDF     ISIN : ZAE000028338                                        
DEALING IN SECURITIES BY DIRECTORS                                              
In terms of paragraph 3.63 - 3.65 of the JSE Securities Exchange South Africa   
Listings Requirements, the following information, relating to the dealing in    
securities by directors, is disclosed:                                          
Executive director                 S Joffe                                      
Director of                        GRCR                                         
Transaction date                   30 March 2005                                
Strike Price                       R2.34 per share                              
Number of securities               600 000                                      
Value of transaction               R1 404 000                                   
Share Class                        Ordinary shares                              
Nature of transaction              Exercise of share options, payment for the   
                                   share options and delivery taken of the      
shares.  The share options were granted in   
                                   terms of a specific granting of options for  
                                   cash to S Joffe, approved in terms of        
                                   ordinary resolution 11 at the general meeting
of Medex Limited shareholders held on 27     
                                   September 1999 whereat, inter alia, the      
                                   change of name of Medex Limited to Gold Reef 
                                   Casino Resorts Limited was also approved.    
Extent of interest                 Direct beneficial                            
Johannesburg                                                                    
30 March 2005                                                                   
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 31/03/2005 01:58:07 PM                
Produced by the JSE SENS Department
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