DSY - Discovery Holdings Limited - Voluntary disclosure of dealings in

DSY - Discovery Holdings Limited - Voluntary disclosure of dealings in          
securities by a BEE partner                                                     
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery")                                                                   
VOLUNTARY DISCLOSURE OF DEALINGS IN SECURITIES BY A BEE PARTNER                 
Shareholders are referred to the Circular to Shareholders, dated 15 November    
2005, relating to the Black Economic Empowerment ("BEE") transaction, which     
requires the BEE parties to utilise all distributions to acquire additional     
ordinary shares in Discovery in the market. Shareholders are accordingly advised
of the following purchases of Discovery ordinary shares by one of Discovery`s   
BEE partners, WDB Discovery Investments (Pty) Limited:                          
Date                   Number Of      Average Price   Total Value               
                      Shares                                                    
14 November 2011       72 000         R41.45          R2 984 400                
15 November 2011       40 000         R41.14          R1 645 600                
17 November 2011       49 000         R41.89          R2 052 610                
21 November 2011       27 645         R41.37          R1 143 673.65             
22 November 2011       17 355         R41.17          R714 505.35               
23 November 2011       16 500         R41.10          R678 150                  
Sandton                                                                         
28 November 2011                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 28/11/2011 07:09:10 Supplied by www.sharenet.co.za                     
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