GDN - Gooderson Leisure Corporation Limited - Financial effects on the

GDN - Gooderson Leisure Corporation Limited - Financial effects on the          
acquisition of Monks Cowl Country Club and Lodge and withdrawal of cautionary   
announcement                                                                    
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")                                                  
FINANCIAL EFFECTS ON THE ACQUISITION OF MONKS COWL COUNTRY CLUB AND LODGE AND   
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
1    INTRODUCTION                                                               
Shareholders are referred to the SENS announcement dated 26 April 2012      
    where it was announced that Gooderson has acquired Monks Cowl Country Club  
    and Lodge ("Monks Cowl"). A formal agreement has now been entered into      
    between the Dumazulu Kraal (Pty) Ltd, a wholly owned subsidiary of          
Gooderson and the seller.                                                   
2    UNAUDITED PRO FORMA FINANCIAL EFFECTS OF THE ACQUISITION                   
    The pro forma financial effect on the earnings, headline earnings, net      
    assets and net tangible assets per share are below 3% and are considered    
insignificant.                                                              
3    WITH DRAWAL OF CAUTIONARY ANNOUNCEMENT                                     
    Shareholders are referred to the cautionary announcement dated 26 April     
    2012 and are advised that they no longer need to continue exercising        
caution in dealing in the company`s securities on the JSE.                  
11 June 2012                                                                    
Durban                                                                          
Designated Adviser                                                              
Exchange Sponsors                                                               
Date: 11/06/2012 14:01:01 Supplied by www.sharenet.co.za                     
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