Discovery - Dealing in securities and sale of shares by a director

Discovery - Dealing in securities and sale of shares 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 Limited Listings Requirements, the following         
information is disclosed in respect of Neville Koopowitz, a director of         
Discovery Holdings Limited:                                                     
Class of security            :  Ordinary Shares                                 
Nature of transaction        :  Sale                                            
Date of transaction          :  27 September 2005                               
Number of shares             :  425 000                                         
Selling price                :  1850 cents per share                            
Total value of transaction   :  R 7,862,500.00                                  
Nature and extent of                                                            
Director"s interest          :  Direct Beneficial                               
Clearance obtained           :  Yes                                             
As disclosed in a SENS announcement on 28 September 2004, Mr. N. S. Koopowitz   
entered into a hedge over his shares in order to secure finance to take         
ownership and delivery of Discovery shares. The hedge comprised put and call    
options (an option collar) and expired on 27 September 2005. The above sale     
forms part of the unwinding of the above hedge transaction.                     
Sandton                                                                         
29 September 2005                                                               
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 29/09/2005 03:12:39 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department