DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTORS

 DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTORS                
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number : 1999/007789/06)                                          
ISIN  : ZAE000022331                                                            
Share Code : DSY                                                                
In compliance with rules 3.63 - 3.74 of the JSE Listings Requirements, the      
following information is disclosed:                                             
Stewart David Whyte, executive director of Discovery Holdings Limited:          
Class of security            :  Ordinary shares                                 
Nature of transaction        :  Sale                                            
Number of shares             :  145 000                                         
Date of transaction          :  11 December 2003                                
Selling price                :  R10.20 cents per share                          
Total value of transaction   :  R1 479 000                                      
Nature of interest           :  Direct beneficial                               
Class of security            :  Ordinary shares                                 
Nature of transaction        :  Sale                                            
Number of shares             :  5 000                                           
Date of transaction          :  11 December 2003                                
Selling price                :  R10.19 cents per share                          
Total value of transaction   :  R50 950                                         
Nature of interest           :  Direct beneficial                               
Clearance for these trades have been given in terms of rule 3.66 of the JSE     
Listings Requirements.                                                          
Neville Koopowitz, executive director of Discovery Holdings Limited:            
Class of security            :  Ordinary Shares                                 
Nature of transaction        :  Sale                                            
Number of shares             :  10 000                                          
Date of transaction          :  11 December 2003                                
Selling price                :  R10.35 cents per share                          
Total value of transaction   :  R103 500                                        
Nature of interest           :  Direct Beneficial                               
Neville Koopowitz, executive director of Discovery Holdings Limited:            
Class of security            :  Ordinary Shares                                 
Nature of transaction        :  Sale                                            
Number of shares             :  10 000                                          
Date of transaction          :  12 December 2003                                
Selling price                :  R10.20 cents per share                          
Total value of transaction   :  R102 000                                        
Nature of interest           :  Direct Beneficial                               
Clearance for these trades have been given in terms of rule 3.66 of the JSE     
Listings Requirements.                                                          
Sandton                                                                         
12 December 2003                                                                
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 12/12/2003 03:03:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department