DSY - Discovery Holdings Limited - Trading statement

DSY - Discovery Holdings Limited - Trading statement                            
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery" or "the Company")                                                  
TRADING STATEMENT                                                               
Discovery is currently finalising its results for the year ended 30 June 2009,  
which will be released on 2 September 2009. Headline earnings per share is      
expected to be between 25% and 35% higher than the corresponding reporting      
period of the previous year.                                                    
Realised profits on available-for-sale investments net of capital gains tax     
(CGT) are approximately R168 million lower than previous years. In addition,    
Discovery has recorded an impairment of R82 million net of CGT against its      
available-for-sale investments. Both these items have been excluded from        
headline earnings per share but are included in earnings per share. As a        
result, earnings per share is expected to be between 0% and 10% higher than     
the corresponding reporting period of the previous year.                        
The financial information on which this trading statement is based has not been 
reviewed and reported on by the Company`s auditors.                             
Sandton                                                                         
14 August 2009                                                                  
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 14/08/2009 09:46:01 Supplied by www.sharenet.co.za                     
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