DSY - Changes to the Board of Directors of Discovery Holdings and its

DSY - Changes to the Board of Directors of Discovery Holdings and its           
Operating Subsidiary Companies                                                  
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery Holdings")                                                          
CHANGES TO THE BOARD OF DIRECTORS OF DISCOVERY HOLDINGS AND ITS OPERATING       
SUBSIDIARY COMPANIES                                                            
In compliance with the Listing Requirements of the JSE Limited, shareholders    
are advised of the following changes to the boards of Discovery Holdings and    
its operating subsidiary companies. The changes enhance Discovery`s             
governance structures, and will leverage the experience of key executives in    
order to bring additional rigour and debate to the decision-making process.     
Vhonani Mufamadi has been appointed as a non-executive director to the boards   
of Discovery Holdings, Discovery Health, Discovery Life and Discovery           
Vitality. Mr Mufamadi brings with him years of experience as an attorney and    
consultant, and strong business acumen as a founding member of investment       
company Muvoni Investment Holdings. Mr Mufamadi`s appointment as a director     
is effective from 3 June 2010.                                                  
With effect from 15 April 2010, Dr Jonathan Broomberg, Hylton Kallner, and Dr   
Penny Thlabi have been appointed to the board of Discovery Health, while        
Hylton Kallner and Kenny Rabson have been appointed to the board of Discovery   
Life.                                                                           
In his role as Deputy CEO of Discovery Health, Dr Broomberg is integrally       
involved in establishing the overall strategic direction of the business, and   
based on his extensive experience in the public and private health sectors,     
has led our engagement efforts with Industry and the Department of Health to    
find solutions to sustainable healthcare funding and delivery. Hylton Kallner   
currently serves as Chief Marketing Officer of Discovery Holdings, and is a     
member of the Discovery Holdings, Discovery Health, Discovery Life and          
Discovery Vitality Executive Committees. In addition, Mr Kallner plays an       
important role in Discovery`s Research and Development forums. Dr Thlabi        
currently serves as Strategic Corporate and Public Affairs Executive at         
Discovery Holdings. The role includes responsibility for the overall Public     
Affairs strategy, as well as the Discovery Foundation, whose mandate is to      
improve public healthcare delivery through public:private partnerships and      
corporate social investment. Mr Rabson was one of the founding members of       
Discovery Life in 2000, and has played an important role in establishing the    
strategic direction of the business since launch. He is currently responsible   
for all actuarial functions within Discovery Life, and heads up Product         
Development for both Discovery Life and Discovery Invest.                       
Sandton                                                                         
16 April 2010                                                                   
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 16/04/2010 14:48:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.