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DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR

Release Date: 01/11/2004 16:47
Code(s): DSY
Wrap Text

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. S Whyte Class of security : Ordinary shares Nature of transaction : Sale Number of shares : 247 000 Date of transaction : 28 October 2004 Selling price : 1630 cents per ordinary share Total value of transaction : R4 026 100.00 Nature and extent of director"s interest : Direct beneficial Clearance received : Yes Prior to the above transaction Mr. S Whyte held 2,859,056 ordinary shares: 461,943 of these shares were acquired through Discovery"s capital raising exercise funded by personal debt. In order to reduce Mr. S Whyte"s interest exposure he sold 247,000 shares at 1630 cents per share. The above transaction constitutes approximately 8,67% of Mr. S Whyte"s holdings. He remains the holder of 2,612,056 ordinary shares. Sandton 01 November 2004 Merchant Bank and Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE FINANCE Date: 01/11/2004 04:47:25 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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