GDN - Gooderson Leisure Corporation Limited - Successful conclusion of the

GDN - Gooderson Leisure Corporation Limited - Successful conclusion of the      
acquisition of Kloppenheim Country Estate Hotel                                 
Gooderson Leisure Corporation Limited                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1972/004241/06)                                            
JSE Share Code: GDN ISIN: ZAE000084984                                          
("Gooderson" or "the company")                                                  
SUCCESSFUL CONCLUSION OF THE ACQUISITION OF KLOPPENHEIM COUNTRY ESTATE HOTEL    
Shareholders are referred to the SENS announcement dated 24 November 2011 when  
it was announced that Alawill Investments Proprietary Limited, a wholly owned   
subsidiary of Gooderson, has purchased the business of Kloppenheim Country      
Estate Hotel and all timesharing interests including the property on which it is
situated from Fabcos Property Four Proprietary Limited as represented by HCI    
Limited.                                                                        
Kloppenheim Country Estate started trading in January 2012 after undergoing     
cosmetic changes and management expects the hotel to be profitable in the       
foreseeable future.                                                             
Kloppenheim Country Estate is the ideal country retreat for business and leisure
in the heart of the Highlands Meander, near Machadodorp and Dullstroom, offering
the discerning visitor a range of accommodation options, from luxury lakeside   
suites, twin hotel rooms and two-bedroomed self-contained lodges.               
All of the terms and conditions of the acquisition have now been met and the    
acquisition has become unconditional in all respects.                           
13 February 2012                                                                
Durban                                                                          
Designated Advisor                                                              
Exchange Sponsors                                                               
Date: 13/02/2012 12:54:02 Supplied by www.sharenet.co.za                     
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