DISCOVERY HOLDINGS LIMITED - DEALINGS IN SECURITIES BY DIRECTOR

DISCOVERY HOLDINGS LIMITED - DEALINGS IN SECURITIES BY DIRECTOR                 
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number : 1999/007789/06)                                          
ISIN:          ZAE000022331                                                     
Share Code:    DSY                                                              
DEALINGS IN SECURITIES BY DIRECTOR                                              
In compliance with rules 3.63 - 3.74 of the JSE Securities Exchange South Africa
(`JSE") Listings Requirements, the following information is disclosed in respect
of Neville Koopowitz, a director of Discovery Holdings Limited:                 
Class of security:            Ordinary shares                                   
Nature of transaction:        Sale                                              
Number of shares:             35 000                                            
Date of transaction:          6 May 2004                                        
Average selling price:        R13.45 per share                                  
Total value of transaction:   R470 750                                          
Nature and extent of                                                            
director"s interest:          Direct beneficial                                 
Clearance given:              Yes                                               
Class of security:            Ordinary shares                                   
Nature of transaction:        Sale                                              
Number of shares:             10 000                                            
Date of transaction:          7 May 2004                                        
Selling price:                R13.30 per share                                  
Total value of transaction:   R133 000                                          
Nature and extent of                                                            
director"s interest:          Direct beneficial                                 
Clearance given:              Yes                                               
Sandton                                                                         
10 May 2004                                                                     
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 10/05/2004 04:10:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department