DISCOVERY HAS SUCCESSFUL LISTING ON JSE - MEDIA RELEASE

DISCOVERY HEALTH HAD A VERY SUCCESSFUL LISTING ON THE JSE TODAY, OCTOBER 21, IN
THE SHORT-TERM INSURANCE SECTOR.

THE SHARE OPENED AT 745 CENTS, REACHED A HIGH OF 795 CENTS AND CLOSED AT 790
CENTS. THE ISSUE PRICE WAS 690 CENTS.

THE TOTAL TRADING VOLUME WAS 3 898 200 WITH A TRADING VALUE OF R30 569 740 IN
600 DEALS.

SAYS ADRIAN GORE, CHIEF EXECUTIVE OFFICER OF DISCOVERY HEALTH, "WE ARE
OBVIOUSLY PLEASED WITH OUR JSE DEBUT. IT PROVIDES A FANTASTIC FOUNDATION FOR
FUTURE GROWTH AND SUCCESS."

A PREFERENTIAL OFFER OF 7 765 526 SHARES WAS OFFERED TO EMPLOYEES OF DISCOVERY
AND QUALIFYING BROKERS, MEDICAL PRACTITIONERS AND BUSINESS ASSOCIATES. A PUBLIC
OFFER OF 3 600 000 SHARES WAS MADE TO THE GENERAL PUBLIC.

IN TOTAL, THE COMPANY HAS AN ISSUE OF 380 MILLION SHARES. SOME 34,75 MILLION
WERE SOLD AND PLACED WITH INSTITUTIONS, 2,75 MILLION WERE SOLD TO BROKERS, 2,55
MILLION TO DOCTORS AND 2,5 MILLION TO STAFF, AND 3,6 MILLION TO THE PUBLIC.
IN TOTAL, THE COMPANY OFFERED R324,6 MILLION WORTH OF ITS EQUITY IN THE LISTING
PROCESS.

"THE MAIN PURPOSES OF THE LISTING," SAYS GORE. WAS TO ATTRACT AND RETAIN THE
INTELLECTUAL CAPITAL WHICH IS THE CORNERSTONE OF DISCOVERY'S SUCCESS, TO RAISE
CAPITAL TO FUND CONTINUAL GROWTH AND TO REWARD SUPPLIERS AND SERVICE PROVIDERS
FOR THEIR LOYALTY AND SUPPORT SINCE INCEPTION. DISCOVERY ALSO AIMS TO OBTAIN
THE HIGHER PROFILE AND CREDIBILITY OF A LISTED COMPANY TO HELP SUPPORT LOCAL
AND INTERNATIONAL OPERATIONS."
ENDS.
ISSUED ON BEHALF OF:                     BY:

MR ADRIAN GORE                           FASEDEMI NEWMAN LEO BURNETT

DISCOVERY HEALTH                         LEO BURNETT HOUSE

25 FREDMAN DRIVE                         3 SIMBA RD

SANDTON                                  SUNNINGHILL

CONTACT : MR ADRIAN GORE                 CONTACT: MS JENNI NEWMAN

TEL : 011 881 2854                       TEL : 011 235 4323

FAX : 011 881 2065                       FAX : 011 235 4301

CELL 082 500 2800                        CELL :082 882 8888
DATE : OCTOBER 21, 1999