DSY - Discovery - Prudential Half Year Results

DSY - Discovery - Prudential Half Year Results                                  
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery" or "the company")                                                  
PRUDENTIAL HALF YEAR RESULTS                                                    
Shareholders are referred to the half year results for Prudential plc released  
today, which contains the following information in respect of PruHealth and     
PruProtect. Prudential Health Limited ("PruHealth") and PruProtect are          
Discovery`s joint ventures in the United Kingdom, owned equally by Discovery and
Prudential plc.                                                                 
"The PruHealth joint venture uses the Prudential brand and Discovery`s expertise
to build branded distribution in Health and Protection. Since its launch,       
PruHealth has developed its product and established itself rapidly in the       
marketplace. It now has 210,000 lives insured, an increase of 22 per cent over  
the last year. Gross written premiums for the first half were '50 million, up 10
per cent on the same period last year. The focus for PruHealth is to increase   
sales volumes, grow the in-force book and manage its claims ratio.              
PruProtect, also a joint venture with Discovery, relaunched its product range in
November 2008 together with an improved distribution model, and this resulted in
sales for the first six months of GBP6 million, compared to GBP1 million in the 
first half of 2008."                                                            
Sandton                                                                         
13 August 2009                                                                  
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 13/08/2009 09:29:01 Supplied by www.sharenet.co.za                     
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