DISCOVERY HOLDINGS LIMITED - DISCOVERY PROGRAMMES ANNOUNCE NEW PARTNERS FOR 2004

DISCOVERY HOLDINGS LIMITED - DISCOVERY PROGRAMMES ANNOUNCE NEW PARTNERS FOR 2004
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
PRESS RELEASE                                                                   
DISCOVERY PROGRAMMES ANNOUNCE NEW PARTNERS FOR 2004                             
Members of Discovery"s two member programmes, Discovery Vitality and KeyClub,   
are set to gain substantial benefits from new partnerships announced this week  
for 2004.                                                                       
KeyClub - the lifestyle programme associated with KeyCare Health Plans launched 
earlier this year for people who earn a low income and were previously uninsured
- now offers automatic funeral cover for the member and all dependants through  
Capital Alliance. KeyClub members will enjoy cover of up to R10 000 at no extra 
cost.                                                                           
"In terms of the agreement, Capital Alliance Life agents will distribute the    
KeyCare Health Plans while KeyClub members will receive a benefit worth more    
than double the monthly KeyClub contributions, which also give them access to a 
range of other lifestyle benefits," says Neville Koopowitz, marketing director, 
Discovery.                                                                      
According to Ian Kirk, CEO of Capital Alliance Life, the joint venture with     
Discovery Health is in line with the company"s distribution strategy, "We       
operate as a wholesaler and manufacturer of life insurance products to selected 
distribution partners. We view our partnership with Discovery Health"s KeyClub  
as a long term strategic partnership structured to ensure the alignment of      
interests."                                                                     
KeyClub members will also have access to unprecedented rates on Greyhound buses 
on all 118 of the bus company"s destinations. The Vodacom benefit has been      
enhanced and KeyClub will also offer Telkom vouchers at reduced rates.          
Since its inception at the beginning of this year, the KeyCare Health Plans have
attracted over 50 000 members, surpassing initial projections.                  
The Vitality benefits have also been significantly enhanced to offer members    
access to a range of new lifestyle benefits. The first new Vitality partner is  
Clicks; members will receive a Clicks Gold ClubCard which qualifies them for    
cash-back vouchers varying from 8% to 15% of the purchase value depending on    
their Vitality status.                                                          
Another new partner is Look & Listen Music Stores. Vitality members will be     
entitled to purchase one CD at Look & Listen and obtain a 60% discount off a    
second CD purchased at the same time. According to their Vitality status,       
members will be able to access this benefit up to four times a month.           
Vitality members will also have access to technology from Hewlett Packard,      
Microsoft and McAfee at substantially reduced rates ranging from 20% off for    
Blue members to 35% for Gold members via Digital Planet.                        
A partnership with Imperial Motors and Barloword offers VitalityMOTOR, which    
gives members the maximum discounts available on new car purchases. If members  
qualify for credit, they will be entitled to an interest rate of prime minus 3% 
on their financing agreement through WesBank. The value of this benefit far     
exceeds the monthly Vitality contribution.                                      
"We recently reached the one million-member milestone in the Vitality programme 
and the innovative wellness model we have created is paying dividends in terms  
of our members" health. Our statistics show that Vitality members are 40% more  
likely than non-members to take preventive health steps such as quitting smoking
or having a cholesterol test. Vitality members also go to hospital up to 20%    
less often than their non-Vitality counterparts. The programme has the added    
incentive of allowing members access to significant value through our partners,"
says Koopowitz.                                                                 
Ends...                                                                         
FOR FURTHER INFORMATION PLEASE CONTACT:                                         
Anne Vicente/Rosemary Renton                                                    
Corporate Communications Consultants (Pty) Ltd                                  
TEL: (011) 783 8926                                                             
FAX: (011) 783 7608                                                             
Email: annev@corpcom.co.za                                                      
ON BEHALF OF:                                                                   
Discovery Vitality                                                              
CONTACT: Neville Koopowitz, Managing Director                                   
TEL: (011) 529 2888                                                             
Date: 10/10/2003 01:06:01 PM Supplied by www.sharenet.co.za                     
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