Discovery Holdings Limited - Vitality Members Score With Cheaper Home Loans DISCOVERY HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1999/007789/06) ISIN: ZAE000022331 Share Code: DSY ("Discovery") MEDIA RELEASE FROM DISCOVERY VITALITY MEMBERS SCORE WITH CHEAPER HOME LOANS 20 June 2005 Home owners who are on the Discovery Vitality programme will soon be able to enjoy a monthly cash boost - with the money either available to spend, or going into one"s retirement savings. The HomeEquity Booster is a further case of Discovery rewarding Vitality members for taking active steps to improve their health through the Vitality programme, by giving an 8% discount on monthly home loan payments, up to a maximum of R1 000 a month. Vitality members who have a home loan with First National Bank ("First National") will qualify for the HomeEquity Booster. Those who have home loans with another institution can still qualify by switching their home loan to First National. The discounts can be deployed in two ways: the amounts can either be credited to one"s monthly DiscoveryCard account, or the discount can be extended to Discovery"s new generation retirement product, the retirement Optimiser. If deployed in the Optimiser, the funds will be channeled into one of Discovery"s market-linked fund options. Policyholders receive a further boost at retirement of a further, retrospective 7% discount on home loan repayments, up to a maximum of the equivalent of R1 750 a month, into their retirement fund. "Once again, Vitality members can enhance their lifestyles by looking after their health," says Neville Koopowitz, head of Discovery Vitality. "And with the Optimiser, the reward for looking after your health results in a boost to your financial health." ENDS Notes to editors: * Vitality members who do not have a home loan with First National can switch their home loans in order to take advantage of the HomeEquity Booster. First National will match the rate on the current home loan up to prime less 1,8%. No transfer duties will be charged, but the bond registration fees can be capitalised into the loan. * The discount is applicable for 10 years. Vitality members get a discount of 8% up to a maximum of R1 000 per month on home loan repayments. * Upon retirement, holders of the Optimiser receive a further discount of 7% (for a total discount of 15%) retrospectively, up to a maximum overall of R1 750 a month. * Individuals who participate in the Discovery Life Plan through a group scheme, and who take up the retirement Optimiser, get a further discount on the 8% on their home loans, for a discount of 10%. Distributed by : Beachhead Media & Investor Relations Patrick Lawlor 011 214 2410/ 082 459 6709 / patrick@bmsa.co.za Rio Mathlaku 011 214 2402/ 082 907 7943 / rio@bmsa.co.za On behalf of : Discovery Vitality Neville Koopowitz 011 529 2888 Sandton 20 June 2005 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/06/2005 04:51:26 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department