GOODERSON LEISURE CORPORATION LTD - Update on the sale of the SanRock Resort

Update on the sale of the SanRock Resort

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”)


  Update on the sale of the SanRock Resort


    Shareholders are referred to the announcement dated 5 December 2014 where it was announced
    that Alawill Investments (Pty) Ltd, entered into an agreement for the sale of the SanRock Resort
    (“SanRock resort”) and all moveable assets, with Dataforce Trading 10 Housing Consortium (Pty) Ltd
    (“the purchaser”).

    The initial conditions precedent to the agreement have lapsed. An addendum has now been entered
    into with the purchaser stating that, on or before 30 April 2015, the purchaser obtains capital to
    finance the purchase price.

   Shareholders will be notified once all the conditions precedent has been met.


   24 March 2015
   Durban


   Designated Adviser
   Exchange Sponsors

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