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 SENS announcement this morning of a joint venture in the United  
Kingdom, shareholders are reminded that a satellite broadcast presentation will 
be made by Adrian Gore, CEO of Discovery, on Summit Television at 3:00 p.m.     
today. The broadcast will also be available on the Discovery website,           
www.discovery.co.za                                                             
Sandton                                                                         
30 April 2004                                                                   
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited                        
CORPORATE FINANCE                                                               
Date: 30/04/2004 10:30:02 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department