DSY - Discovery Holdings Limited - Leadership changes in Vitality

DSY - Discovery Holdings Limited - Leadership changes in Vitality               
Discovery Holdings Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1999/007789/06                                             
Share code: DSY                                                                 
ISIN:  ZAE000022331                                                             
("Discovery")                                                                   
LEADERSHIP CHANGES IN VITALITY                                                  
At the end of March 2012, Alan Pollard, current CEO of Discovery Vitality in    
South Africa, will assume the leadership of Discovery`s US operations. Pollard  
will relocate to the US in mid 2012, and will retain his position as CEO of     
Vitality on an international basis. These moves serve to consolidate the US as a
centre of excellence in the support of all Vitality International operations.   
Art Carlos will be leaving The Vitality Group (TVG), Discovery`s standalone     
Vitality capability in the US. Carlos will continue to consult to Discovery to  
help ensure a smooth transition of leadership.                                  
Gidon Novick, former joint CEO of Comair, will join Discovery as CEO of         
Discovery Vitality in South Africa, replacing Pollard. Novick is a chartered    
accountant by training, and holds an MBA from the Kellogg School of Management  
in Chicago, USA. During his highly successful career at Comair, he founded      
Kulula, South Africa`s first low-cost airline; and was instrumental in          
developing both the British Airways and Kulula offerings into leading travel    
brands.                                                                         
With his entrepreneurial experience, and having been involved with Vitality as a
key partner for many years, Novick is well placed to assume leadership.         
Sandton                                                                         
14 March 2012                                                                   
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 14/03/2012 08:45:01 Supplied by www.sharenet.co.za                     
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