Discovery Holdings Limited - Dealing in securities by directors

Discovery Holdings Limited - Dealing in securities by directors                 
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery")                                                                   
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with the JSE Limited ("JSE") Listings Requirements,               
the following information is disclosed:                                         
Director                      :    Mr. H P Mayers                               
Company                       :    Discovery Holdings Limited                   
Date of transaction           :    30 June 2006                                 
Class of security             :    Ordinary shares                              
Nature of transaction         :    Redemption of preference shares              
and purchase of Discovery                                                       
                                   ordinary shares with the                     
                                   proceeds                                     
Number of shares              :    2 156 833                                    
Price                         :    R12.57 per share                             
Total value of transaction    :    R27 111 390.81                               
Nature and extent of                                                            
director"s interest           :    Indirect beneficial                          
Clearance given               :    Yes                                          
Director                      :    Mr. J M Robertson                            
Company                       :    Discovery Holdings Limited                   
Date of transaction           :    30 June 2006                                 
Class of security             :    Ordinary shares                              
Nature of transaction         :    Redemption of preference shares              
and purchase of Discovery                                                       
                                   ordinary shares with the                     
proceeds                                     

Number of shares              :    86 273                                       
Price                         :    R12.57 per share                             
Total value of transaction    :    R1 084 451.61                                
Nature and extent of                                                            
director"s interest           :    Direct beneficial                            
Clearance given               :    Yes                                          
Director                      :    Mr. N S Koopowitz                            
Company                       :    Discovery Holdings Limited                   
Date of transaction           :    30 June 2006                                 
Class of security             :    Ordinary shares                              
Nature of transaction         :    Redemption of preference shares              
and purchase of Discovery                                                       
                                   ordinary shares with the                     
                                   proceeds                                     
Number of shares              :    503 261                                      
Price                         :    R12.57 per share                             
Total value of transaction    :    R6 325 990.77                                
Nature and extent of                                                            
director"s interest           :    Indirect beneficial                          
Clearance given               :    Yes                                          
Sandton                                                                         
30 June 2006                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 30/06/2006 10:00:17 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department