Discovery Holdings announces CEO departure at U.S. subsidiary Destiny Health

Discovery Holdings announces CEO departure at U.S. subsidiary Destiny Health    
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery Holdings" or "the company")                                         
Discovery Holdings announces CEO departure at U.S. subsidiary Destiny Health    
SANDTON, South Africa (May 26, 2006) - Discovery Holdings today announced that  
Scott Spiker, CEO of its U.S. subsidiary Destiny Health, will leave the company 
in the next few weeks, and that a new management team will lead the organisation
in delivering on its stated strategies for growth and expansion.                
Adrian Gore, CEO of Discovery Holdings, said that pending the selection of a new
CEO, Destiny Health will be led by Barry Swartzberg, Executive Director and a   
founding member and former CEO of Discovery Health, and Arthur Carlos, Destiny  
Health"s Chief Actuarial Officer.   Carlos, a former senior executive at the    
U.S. employee benefits firm Aon Consulting, was recruited to the company in     
December.                                                                       
Sandton                                                                         
26 May 2006                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 26/05/2006 08:39:08 AM Supplied by www.sharenet.co.za                     
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