DISCOVERY HOLDINGS LIMITED - ANNOUNCEMENT TO SHAREHOLDERS

DISCOVERY HOLDINGS LIMITED - ANNOUNCEMENT TO SHAREHOLDERS                       
Discovery Holdings Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1999/007789/06)                                            
(Share code:  DSY    ISIN:  ZAE000022331)                                       
("Discovery")                                                                   
Announcement to shareholders                                                    
Further to the cautionary announcement published on 1 April 2004, shareholders  
are advised that Discovery will be announcing the full details relating to the  
cautionary announcement on Friday 30 April 2004.  In addition to the            
announcement, a satellite broadcast presentation will be made by Adrian Gore,   
CEO of Discovery, on Summit Television at 3:00 p.m. on Friday 30 April 2004.    
Sandton                                                                         
26 April 2004                                                                   
Merchant bank and sponsor                                                       
Rand Merchant Bank (A division of FirstRand Bank Limited)                       
Corporate Finance                                                               
Date: 26/04/2004 10:37:58 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department