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                                                                 
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with the JSE Securities Exchange South Africa Listings            
Requirements, the following information is disclosed:                           
Director                   :  Mr. J M Robertson                                 
Class of security          :  Ordinary shares                                   
Nature of transaction      :  Sale                                              
Number of shares           :  80 801                                            
Date of transaction        :  02 November 2004                                  
Selling price              :  R17.0410 per ordinary share                       
Total value of transaction :  R1 376 927.70                                     
Nature of transaction      :  Sale                                              
Number of shares           :  126 199                                           
Date of transaction        :  03 November 2004                                  
Selling price              :  R16.745 per ordinary share                        
Total value of transaction :  R2 113 202.26                                     
Nature and extent of                                                            
director"s interest        :  Indirect non-beneficial                           
Clearance obtained         :  Yes                                               
Sandton                                                                         
04 November 2004                                                                
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 04/11/2004 03:18:06 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department