DSY - Discovery - Results of the odd-lot offer and specific share repurchase

DSY - Discovery - Results of the odd-lot offer and specific share repurchase    
DISCOVERY HOLDINGS LIMITED                                                      
(Registration number 1999/007789/06)                                            
(Incorporated in the Republic of South Africa)                                  
JSE share code: DSY    ISIN: ZAE000022331                                       
("Discovery" or "the Company")                                                  
RESULTS OF THE ODD-LOT OFFER AND SPECIFIC SHARE REPURCHASE                      
Discovery shareholders are hereby advised of the outcome of the odd-lot offer   
and the specific share repurchase, both of which closed on Friday, 15 May 2009. 
The results of the odd-lot offer are as follows:                                
                 Shares          Shares sold by     Default       Total         
retained by     election           sold          shares        

                 election                                         sold          
Certificated      6 777           6 692              220 278       226 970      
Uncertificated    102 710         108 835            38 348        147 183      
Total             109 487         115 527            258 626       374 153      
*Odd-lot shareholders who did not elect to retain their shares were             
automatically regarded as having chosen and accepted the offer                  
The results of the specific repurchase are as follows:                          
Number of shares accepting the offer                       

Certificated          5 747                                                     
Uncertificated        129 272                                                   
Total                 135 019                                                   
Discovery repurchased a total of 509 172 shares, representing 0.01% of the      
issued share capital of the Company for a total consideration of R12 820 950.96.
The number of shareholders was reduced by 9 595 representing 40% of the total   
number of shareholders.                                                         
Sandton                                                                         
18 May 2009                                                                     
Merchant bank and transaction sponsor to Discovery                              
RAND MERCHANT BANK, a division of FirstRand Bank Limited                        
Attorneys to Discovery                                                          
Edward Nathan Sonnenbergs Inc.                                                  
Date: 18/05/2009 16:56:01 Supplied by www.sharenet.co.za                     
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