DSY - Discovery Holdings Limited - Dealing in securities by a Director

DSY - Discovery Holdings Limited - Dealing in securities by a Director          
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 A DIRECTOR                                             
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director                      :  Mr. A Gore                                     
Company                       :  Discovery Holdings Limited                     
Nature of transaction         :  Donation of ordinary shares (decrease in number
                                of Discovery shares held)                       
Date of transaction           :  13 December 2006                               
Number of shares              :  113 400                                        
Price of transaction          :  Donation                                       
Total value of transaction    :  R2,817,990                                     
Nature and extent of                                                            
director`s interest           :  Indirect beneficial                            
Clearance obtained            :  Yes                                            
Sandton                                                                         
14 December 2006                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 14/12/2006 13:37:02 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.