DISCOVERY LIMITED - Acceptance of annual awards of shares in terms of the Discovery Long-Term Incentive Plan ("LTIP")

Acceptance of annual awards of shares in terms of the Discovery Long-Term Incentive Plan ("LTIP")

DISCOVERY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
Legal Entity Identifier: 378900245A26169C8132
JSE share code: DSY, DSYBP
DSY ISIN: ZAE000022331
DSBP ISIN: ZAE000158564
Bond company code: DSYI
(the “Group” or "Discovery" or the “Company”)

ACCEPTANCE OF ANNUAL AWARDS OF SHARES IN TERMS OF THE DISCOVERY LONG-TERM INCENTIVE PLAN ("LTIP")

In compliance with paragraphs 3.63 to 3.74 and paragraphs 6.42 to 6.53 of the JSE Limited Listings
Requirements and Debt Listings Requirements, notification is hereby given that certain executive
directors of the Company and directors of major subsidiaries have accepted annual awards of ordinary
shares allocated in terms of the Discovery LTIP, an equity-settled scheme based on the performance
criteria as per the Single Incentive Plan for the year ended 30 June 2022. These share awards are
subject to continued employment and vest equally from the 3rd to the 5th anniversaries of these
awards (between 30 September 2025 and 30 September 2027).

The nature of the interest in respect of each of these awards is direct beneficial. The transactions have
occurred off-market and the necessary clearances have been obtained.
The allocations are set out below:

 Executive Director        Number             Acceptance Date        Reference         Deemed
                           Of Shares                                 Price*(all        Transaction
                           accepted                                  figures in R)     Value (all figures
                                                                                       in R)
 A Gore                    92 223             30 November 2022       104.13            9 603 181
 D M Viljoen               61 054             30 November 2022       104.13            6 357 553
 H D Kallner               67 823             30 November 2022       104.13            7 062 409
 A Ntsaluba                55 807             30 November 2022       104.13            5 811 183
 A Pollard                 91 102             30 November 2022       104.13            9 486 451
 B Swartzberg              67 999             30 November 2022       104.13            7 080 736

 Director of        Subsidiary   Number       Acceptance Date       Reference         Deemed
 major                           of Shares                          Price*(all        Transaction
 subsidiary                      accepted                           figures in R)     Value (all figures in R)
                                                                           
 R N Noach          Discovery    43 057       30 November 2022      104.13            4 483 525
                    Health
 K S Rabson         Discovery    41 664       30 November 2022      104.13            4 338 472
                    Life
 R J Van Reenen     Discovery    39 749       30 November 2022      104.13            4 139 063
                    Life

*The reference price has been used in determining the share allocations and represents the
volume weighted average traded price of the Company’s shares for the 5 days ended 30
September 2022 in terms of the provisions of the Single Incentive Plan.

2 December 2022
Sandton

Sponsor and Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 02-12-2022 07:30:00
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