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Gold Reef Casino Resorts Limited - Dealing in securities by a director          
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 A DIRECTOR                                             
In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the 
following information, relating to the dealing in securities by a director, is  
disclosed:                                                                      
Executive director                 JS Friedman                                  
Director of                        GRCR                                         
Transaction date                   1 September 2005                             
Price                              R15.73 per share                             
Number of securities               86 240                                       
Value of transaction               R1 356 555.20                                
Share Class                        Ordinary shares                              
Nature of transaction              Sale of shares on the open market            
Extent of interest                 Direct beneficial                            
Clearance to deal                  Yes                                          
Johannesburg                                                                    
5 September 2005                                                                
Sponsor                                                                         
Nedbank Capital

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