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           :5 000                                               
Date of transaction        :13 May 2004                                         
Selling price              :R13.15 per share                                    
Total value of transaction :R65 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        :13 May 2004                                         
Selling price              :R13.15 per share                                    
Total value of transaction :R131 500                                            
Nature and extent of                                                            
director"s interest        :Direct beneficial                                   
Clearance given            :Yes                                                 
Class of security          :Ordinary shares                                     
Nature of transaction      :Sale                                                
Number of shares           :1 320                                               
Date of transaction        :13 May 2004                                         
Selling price              :R13.20 per share                                    
Total value of transaction :R17 424                                             
Nature and extent of                                                            
director"s interest        :Direct beneficial                                   
Clearance given            :Yes                                                 
Sandton                                                                         
18 May 2004                                                                     
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 18/05/2004 10:15:02 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department