Discovery Holdings Limited - Press release

Discovery Holdings Limited - Press release                                      
Discovery Holdings Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery")                                                                   
PRESS RELEASE                                                                   
Shareholders are referred to an announcement by Discovery dated 21 February     
2005, and are advised that Discovery Life has concluded the contract with       
Prudential Assurance Company Limited ("Prudential Assurance"), a wholly owned   
subsidiary of Prudential plc, for the development and marketing of a new        
protection product in the United Kingdom. The product will be marketed under    
the Prudential brand. Prudential Assurance have begun initial marketing and     
roll-out of the product. Further details of the partnership with Prudential     
Assurance will be made available when Discovery announces its results for the   
year ended 30 June 2006 in early September. The partnership is not expected to  
have a material impact on Discovery"s earnings in the short-term.               
Sandton                                                                         
27 July 2006                                                                    
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 27/07/2006 09:37:05 AM Supplied by www.sharenet.co.za                     
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