DISCOVERY HOLDINGS LIMITED - CORRECTION- DEALINGS IN SECURITIES BY DIRECTOR

DISCOVERY HOLDINGS LIMITED -  CORRECTION- 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                                                                
This announcement replaces the announcement previously sent.  The number of     
shares sold at R13.20 per share should be 30 477 shares.                        
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              :  30 477                                         
Date of transaction           :  13 May 2004                                    
Selling price                 :  R13.20 per share                               
Total value of transaction    :  R402 296.40                                    
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 11:03:02 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department