GDF - Gold Reef Resorts Limited - Dealings in securities by a director

GDF - Gold Reef Resorts Limited - Dealings 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")                                                                   
DEALINGS IN SECURITIES BY A DIRECTOR                                            
In terms of the paragraphs 3.63 to 3.66 of the JSE Listings Requirements, the   
following information relating to dealings in securities by a director of Gold  
Reef is disclosed.                                                              
Name of director:                JA Copelyn                                     
Designation:                     Chairman and non-executive director            
                                of Gold Reef                                    
Date of transaction:             23 March 2011                                  
Nature of transaction:           On-market acquisition of Gold Reef             
                                ordinary shares                                 
Number of shares:                167 775 shares                                 
VWAP of transaction:             1418.43 cents per share                        
Highest price of transaction:    1420 cents per share                           
Lowest price of transaction:     1417 cents per share                           
Total value of transaction:      R2,379,770.93                                  
Class of securities:             Ordinary shares                                
Interest:                        Direct beneficial                              
Clearance to deal:               Yes, the required prior written                
                                clearance for dealing in these                  
                                securities has been obtained                    
Johannesburg                                                                    
24 March 2011                                                                   
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 24/03/2011 08:00:04 Supplied by www.sharenet.co.za                     
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