DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR

DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR                
Discovery Holdings Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number : 1999/007789/06)                                          
ISIN  : ZAE000022331                                                            
Share Code : DSY                                                                
In compliance with the JSE Securities Exchange South Africa Listings            
Requirements, the following information is disclosed:                           
Director                      :  Mr. N S Koopowitz                              
Class of security             :  Ordinary shares                                
Nature of transaction         :  Sale                                           
Number of shares              :  15 500                                         
Date of transaction           :  08 October 2004                                
Purchase price                :  1545 cents per ordinary share                  
Total value of transaction    :  R239,475-00                                    
Nature and extent of                                                            
director"s interest           :  Direct beneficial                              
Clearance given               :  Yes                                            
Sandton                                                                         
12 October 2004                                                                 
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 12/10/2004 12:01:31 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department