DSY - Discovery - Disclosure of dealing in securities by director

    DSY - Discovery - Disclosure of dealing in securities by director           
    Discovery Holdings Limited                                                  
    (Incorporated in the Republic of South Africa)                              
(Registration number: 1999/007789/06)                                       
    ISIN: ZAE000022331                                                          
    Share Code: DSY                                                             
    ("Discovery")                                                               
Shareholders are referred to the Circular to Shareholders, dated 15         
    November 2005, relating to the Black Economic Empowerment ("BEE")           
    transaction, which requires the BEE parties to utilise all distributions to 
    acquire additional shares in Discovery in the market. Shareholders are      
accordingly advised of the following purchase of Discovery ordinary shares  
    by one of Discovery`s directors, Sindiswa Zilwa through her investment      
    vehicle, Newshelf 801 (Proprietary) Limited which forms one of Discovery`s  
    BEE partners:                                                               
Date of            Number of     Purchase price  Transaction value          
    transaction        shares        (R)             (R)                        
    22 December 2006   1 900         27.20           51 680                     
    Nature of interest  :    Indirect beneficial                                
Clearnce obtained   :    Yes                                                
                                                                                
    Sandton                                                                     
    22 December 2006                                                            


    Sponsor                                                                     
    RAND MERCHANT BANK (A division of FirstRand Bank Limited)                   
Date: 22/12/2006 14:43:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.