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Thu 22 Jun 2006, 16:59 Gold Reef Resorts Limited - Dealing in securities
GDF
 GDF                                                                             
Gold Reef Resorts Limited - Dealing in securities by directors                  
Gold Reef Resorts Limited                                                       
Incorporated in the Republic of South Africa                                    
(Registration number 1989/002108/06)                                            
("Gold Reef Resorts")                                                           
Share code: GDF & ISIN: ZAE000028338                                            
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with rule 3.63 of the JSE Limited Listings Requirements, the      
following information relating to dealings in securities by a director is       
disclosed:                                                                      
Executive director:                S Joffe, who is a 68%                        
shareholder of Little Swift Investments 465  
                                   (Pty) Ltd, the entity which entered into the 
                                   transaction                                  
Director of:                       Gold Reef Resorts                            
Date of transaction:               20 June 2006                                 
Number of shares purchased:        850 000 at R13.80 per share                  
Total value of transaction:        R11 730 000.00                               
Extent of interest:                Indirect beneficial                          
Class of securities:               Ordinary shares                              
Nature of transaction:             Purchase on the open market                  
Clearance to deal granted:         Yes                                          
Executive director:                J Friedman, who is a 32%                     
shareholder of Little Swift Investments 465  
                                   (Pty) Ltd, the entity which entered into the 
                                   transaction                                  
Director of:                       Gold Reef Resorts                            
Date of transaction:               20 June 2006                                 
Number of shares purchased:        400 000 at R13.80 per share                  
Total value of transaction:        R5 520 000.00                                
Extent of interest:                Indirect beneficial                          
Class of securities:               Ordinary shares                              
Nature of transaction:             Purchase on the open market                  
Clearance to deal granted:         Yes                                          
Johannesburg                                                                    
22 June 2006                                                                    
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 22/06/2006 04:59:22 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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