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)                                          
Share Code : DSY                                                                
ISIN  : ZAE000022331                                                            
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed in respect of Stewart Whyte, a director of Discovery   
Holdings Limited:                                                               
Class of security            :  Ordinary Shares                                 
Nature of transaction        :  Sale                                            
Date of transaction          :  2 May 2006                                      
Number of shares             :  350 000                                         
Selling price                :  1976 cents per share                            
Total value of transaction   :  R 6 916 000                                     
Nature and extent of                                                            
director"s interest          :  Direct Beneficial                               
Clearance obtained           :  Yes                                             
As disclosed in a SENS announcement on 4 November 2004, Mr. Stewart Whyte       
entered into a hedge over his shares. The hedge comprised put and call options  
(an option collar) and expired on 2 May 2006. The above sale forms part of the  
unwinding of the above hedge transaction.                                       
Sandton                                                                         
3 May 2006                                                                      
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 03/05/2006 11:17:34 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department