DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES AND DONATION BY DIRECTOR

DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES AND DONATION BY DIRECTOR     
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number : 1999/007789/06)                                          
ISIN:        ZAE000022331                                                       
Share Code : DSY                                                                
In compliance with rules 3.63 - 3.74 of the JSE Listings Requirements, the      
following information is disclosed in respect of Barry Swartzberg, a director of
Discovery Holdings Limited:                                                     
Class of security            :  Ordinary Shares                                 
Nature of transaction        :  Sale                                            
Number of shares             :  883 128                                         
Date of transaction          :  30 November 2004                                
Selling price                :  1650 cents per share                            
Total value of transaction   :  R14 571 612.00                                  
Nature and extent of                                                            
Director"s interest          :  Direct Beneficial                               
Clearance Obtained           :  Yes                                             
Mr. Barry Swartzberg, Managing Director of Discovery Health held 23 343 874     
ordinary shares. 5 990 740 of these were acquired through Discovery"s capital   
raising exercise in 2003, funded by personal debt.                              
In order for Mr. Swartzberg to restructure his personal debt and settle the     
interest to date and prior to the company entering into a closed period with    
respect to its results for the half year ended 31 December 2004, Mr. Swartzberg 
has sold 883 128 shares at 1650 cents each to FirstRand Limited, the major      
shareholder of Discovery, in terms of existing reciprocal pre-emptive rights    
held by FirstRand Limited in terms of a shareholders" agreement.                
The above transaction constitutes approximately 3.78% of Mr. Swartzberg"s       
holdings. He remains the holder of 22 460 746 ordinary shares.                  
Shareholders are referred to the announcement published by FirstRand on 1       
December 2004 relating to the acquisition of additional Discovery shares.       
Sandton                                                                         
1 December 2004                                                                 
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 01/12/2004 04:31:32 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department