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Fri 2 Sep 2005, 15:45 GRCR - Dealing In Securities By Directors
GRCR - 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                                        
(`GRCR`)                                                                        
DEALING IN SECURITIES BY DIRECTORS                                              
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Limited, the following information, relating to the dealing in securities by a  
director, is disclosed:                                                         
Executive director:                S Joffe                                      
Company of which a director:       GRCR                                         
Transaction date:                  31 August 2005                               
Class of securities:               Ordinary shares                              
Number of securities:              500 000                                      
Strike Price:                      R15.35                                       
Value of transaction:              R7 675 000                                   
Nature of transaction:             Grant of share options through the Gold Reef 
                                   Share Scheme                                 
Vesting period:                    The first tranche of 33,3% vests 2 years     
                                   after the options were granted. The second   
                                   tranche of 33,3% vests 3 years after the     
                                   options were granted. The third tranche of   
33,3% vests 4 years after the options were   
                                   granted.                                     
Extent of interest:                Direct beneficial                            
Executive director:                J S Friedman                                 
Company of which a director:       GRCR                                         
Transaction date:                  31 August 2005                               
Class of securities:               Ordinary shares                              
Number of securities:              170 000                                      
Strike Price:                      R15.35                                       
Value of transaction:              R2 609 500                                   
Nature of transaction:             Grant of share options through the Gold Reef 
                                   Share Scheme                                 
Vesting period:                    The first tranche of 33,3% vests 2 years     
                                   after the options were granted. The second   
                                   tranche of 33,3% vests 3 years after the     
                                   options were granted. The third tranche of   
33,3% vests 4 years after the options were   
                                   granted.                                     
Extent of interest:                Direct beneficial                            
Executive director:                C Neuberger                                  
Company of which a director:       GRCR                                         
Transaction date:                  31 August 2005                               
Class of securities:               Ordinary shares                              
Number of securities:              170 000                                      
Strike Price:                      R15.35                                       
Value of transaction:              R2 609 500                                   
Nature of transaction:             Grant of share options through the Gold Reef 
                                   Share Scheme                                 
Vesting period:                    The first tranche of 33,3% vests 2 years     
                                   after the options were granted. The second   
                                   tranche of 33,3% vests 3 years after the     
                                   options were granted. The third tranche of   
33,3% vests 4 years after the options were   
                                   granted.                                     
Extent of interest:                Direct beneficial                            
Company secretary:                 D R Smith                                    
Company:                           GRCR                                         
Transaction date:                  31 August 2005                               
Class of securities:               Ordinary shares                              
Number of securities:              40 000                                       
Strike Price:                      R15.35                                       
Value of transaction:              R614 000                                     
Nature of transaction:             Grant of share options through the Gold Reef 
                                   Share Scheme                                 
Vesting period:                    The first tranche of 33,3% vests 2 years     
                                   after the options were granted. The second   
                                   tranche of 33,3% vests 3 years after the     
                                   options were granted. The third tranche of   
33,3% vests 4 years after the options were   
                                   granted.                                     
Extent of interest:                Direct beneficial                            
Johannesburg                                                                    
2 September 2005                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 02/09/2005 03:35:07 PM           
Produced by the JSE SENS Department                                             
                                                                                
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