DISCOVERY LIMITED - Correction announcement: dealings in securities by a director

Correction announcement: dealings in securities by a director

DISCOVERY LIMITED 
(Incorporated in the Republic of South Africa) 
(Registration number 1999/007789/06) 
JSE share code: DSY ISIN: ZAE000022331 
(“Discovery”) 
 
CORRECTION ANNOUNCEMENT: DEALINGS IN SECURITIES BY A DIRECTOR 
 
Shareholders are referred to the announcement released on the Stock Exchange News Service this morning at 10h11 
regarding hedging transactions entered into by Mr Barry Swartzberg over a portion of his shareholding in Discovery 
(“initial announcement”).  
 
Shareholders are advised that the initial announcement erroneously referred to the PURCHASE of cash-settled 
European call options by Mr Swartzberg. The nature of the transactions entered into by Mr Swartzberg is, in fact, a SALE 
of cash-settled European call options.  
 
The remainder of the information contained in the initial announcement is correct, and is disclosed again hereunder: 
 
  Director                                           :   Mr Barry Swartzberg 
  Company                                            :   Discovery Limited
  Date of transactions                               :   29 October 2018
  Class of securities                                :   Options over Discovery ordinary shares  
  Nature of interest                                 :   Indirect beneficial
  On market / off market                             :   Off market
  Clearance obtained                                 :   Yes 
 
Transaction 1 
  Nature of transaction                              :   Purchase of cash-settled European put options with a strike 
                                                         price of R 94.3750 per share 
  Exercise Dates                                     :   Every Tuesday and Thursday from 6 September 2022 to 15 
                                                         December 2022 (30 equally weighted tranches) 
  Number of options                                  :   3,000,000 
  Initial Price per share                            :   R 151.000
  Notional value of transaction                      :   R 283,125,000
 
Transaction 2 
  Nature of transaction                              :   Purchase of cash-settled European put options with a strike 
                                                         price of R 117.0250 per share
  Exercise Dates                                     :   Every Tuesday and Thursday from 6 September 2022 to 15 
                                                         December 2022 (30 equally weighted tranches) 
  Number of options                                  :   3,000,000 
  Initial Price per share                            :   R 151.00
  Notional value of transaction                      :   R 351,075,000 
 
Transaction 3 
  Nature of transaction                              :   SALE of cash-settled European call options with a strike 
                                                         price of R 269.5350 per share 
  Exercise Dates                                     :   Every Tuesday and Thursday from 6 September 2022 to 15 
                                                         December 2022 (30 equally weighted tranches) 
  Number of options                                  :   3,000,000
  Initial Price per share                            :   R 151.00
  Notional value of transaction                      :   R 808,605,000
 
Transaction 4 
  Nature of transaction                              :   SALE of cash-settled European call options with a strike 
                                                         price of R 292.1850 per share 
  Exercise Dates                                     :   Every Tuesday and Thursday from 6 September 2022 to 15 
                                                         December 2022 (30 equally weighted tranches) 
  Number of options                                  :   3,000,000 
  Initial Price per share                            :   R 151.00
  Notional value of transaction                      :   R 876,555,000
 
Sandton 
2 November 2018 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited)  
 

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