Discovery Holdings Limited - Destiny Health Press Announcement

Discovery Holdings Limited - Destiny Health Press Announcement                  
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery")                                                                   
DESTINY HEALTH PRESS ANNOUNCEMENT                                               
15h00, Johannesburg, South Africa; 8h00, Chicago, USA  - Destiny Health and     
Tufts Health Plan today announced that they have agreed to end their alliance   
formed three years ago to offer a consumer-directed health plan in              
Massachusetts. The existing 10 000 members on the Liberty plan - the plan       
jointly marketed by Destiny Health and Tufts Health Plan - will continue through
to the completion of their respective plan years, with no change in benefits,   
networks and service levels until December 2007. New business sales will cease  
with immediate effect.                                                          
The agreement allows Destiny Health to focus on strategic growth opportunities. 
Adrian Gore, CEO of Discovery said: "Our partnership has fostered strong        
acceptance of the concept of consumer-directed health care in Massachusetts and 
sparked continued innovation within our companies. However, the strategic       
interests of each party have diverged over time, and we have recently made the  
mutual decision to wind the alliance down."                                     
Sandton                                                                         
7 July 2006                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 07/07/2006 03:00:05 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department