DISCOVERY HOLDINGS LIMITED - ANNOUNCEMENT

DISCOVERY HOLDINGS LIMITED - ANNOUNCEMENT                                       
DISCOVERY HOLDINGS LIMITED                                                      
(Registration : 1999/007789/06)                                                 
ISIN :         ZAE000022331                                                     
Share Code :   DSY                                                              
ANNOUNCEMENT                                                                    
With reference to the press release by FirstRand Limited on 20 February 2003,   
the Board of Discovery Holdings Limited has also acceded to Mr Maharaj`s request
to take a leave of absence from the Discovery Board for a period of three       
months.                                                                         
Should there be any substantive reason to revise this decision, a statement will
be made accordingly.                                                            
Date: 21/02/2003 04:30:57 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department