DSY - Discovery Holdings - Repurchase of Shares in Terms Of BEE Agreement

DSY - Discovery Holdings - Repurchase of Shares in Terms Of BEE Agreement       
                        between Former Director and Discovery                   
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery")                                                                   
REPURCHASE OF SHARES IN TERMS OF BEE AGREEMENT BETWEEN FORMER DIRECTOR AND      
DISCOVERY                                                                       
Shareholders are referred to the circular dated 15 November 2005, relating to   
the Black Economic Empowerment ("BEE") transaction. Shareholders are also       
referred to the announcement on 1 December 2008 of the resignation of Judy      
Dlamini from the Board of Discovery. Following Judy Dlamini`s resignation as a  
director and in terms of the BEE agreement, Discovery Health (Pty) Limited has  
repurchased 171 096 shares from Judy for a consideration of R171.09, which      
shares will be held now as treasury shares. Judy Dlamini through her investment 
vehicle, Newshelf 799(Proprietary) Limited retains the balance of the 200 000   
shares originally issued in terms of the BEE agreement.                         
Sandton                                                                         
15 April 2009                                                                   
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 15/04/2009 14:07:01 Supplied by www.sharenet.co.za                     
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