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Tue 20 Mar 2007, 17:00 GDF - Gold Reef Resorts - Dealing in securities by
GDF
 GDF                                                                             
GDF - Gold Reef Resorts - Dealing in securities by a director                   
Gold Reef Resorts Limited                                                       
Incorporated in the Republic of South Africa                                    
(Registration number 1989/002108/06)                                            
Share code: GDF     ISIN: ZAE000028338                                          
("Gold Reef Resorts")                                                           
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraphs 3.63 - 3.65 of the JSE Limited Listings Requirements, the
following information, relating to the dealing in securities by a director, is  
disclosed:                                                                      
Non-executive director:            R J Khoza                                    
Company:                           Gold Reef Resorts                            
Date of transaction:               25 January 2006                              
Number of securities:              13 300 shares                                
Price:                             R13.35 per share                             
Class of securities:               Ordinary shares                              
Total value:                       R177 555                                     
Date of transaction:               16 January 2007                              
Number of securities:              16 800 shares                                
Price:                             R21.90 per share                             
Class of securities:               Ordinary shares                              
Total value:                       R367 920                                     
Nature of transaction:             Sales on the open market                     
Extent of interest:                Direct beneficial                            
Written clearance to                                                            
deal received:                     No                                           
Johannesburg                                                                    
20 March 2007                                                                   
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 20/03/2007 17:00:01 Produced by the JSE SENS Department.
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