Discovery - Exercise Of Options And Subsequent Sale Of Securities By A Director

Discovery - Exercise Of Options And Subsequent Sale Of Securities By A Director 
Discovery Holdings Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN  : ZAE000022331                                                            
Share Code: DSY                                                                 
("Discovery")                                                                   
EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SECURITIES BY A DIRECTOR             
In compliance with the JSE Limited Listings                                     
Requirements, the following information is disclosed:                           
Director                   :    Mr. N S Koopowitz                               
Date of transaction        :    30 September 2005                               
Nature of transaction      :    Exercise of options in terms of an              
                                option contract entered into to                 
                                purchase Discovery shares                       
Class of security          :    Ordinary shares                                 
Number of shares           :    573 913                                         
Option price               :    R10.00 per share                                
Total value of transaction :    R5 739 130.00                                   
Nature and extent of                                                            
director"s interest        :    Direct beneficial                               
Clearance obtained         :    Yes                                             
Date of transaction        :    30 September 2005                               
Nature of transaction      :    Sale of shares                                  
Class of security          :    Ordinary shares                                 
Number of shares           :    277 946                                         
Selling price              :    R20.70 per share                                
Total value of transaction :    R5 753 482.20                                   
Nature and extent of                                                            
director"s interest        :    Direct beneficial                               
Clearance obtained         :    Yes                                             
Sandton                                                                         
04 October 2005                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 04/10/2005 01:57:18 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department