Dealings In Securities By Directors DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1999/007789/06) ISIN: ZAE000022331 Share Code: DSY ("Discovery”) DEALINGS IN SECURITIES BY DIRECTORS Shareholders are referred to the announcement released on SENS on 30 December 2009 regarding zero-cost collar hedging transactions that were entered into by Adrian Gore and Barry Swartzberg on 29 December 2009 (“the collar”) and a further announcement released on 2 March 2012 advising of certain changes to the terms of the collar agreement. The call options within the zero-cost collar are now due, and since the current share price exceeds the option strike price on the call options, shareholders are advised that Mr Gore and Mr Swartzberg have concluded transactions in relation to the 2,424,918 options sold by Mr Gore and 851,998 options sold by Mr Swartzberg and the corresponding Discovery shares held by Mr Gore and Mr Swartzberg. This has resulted in the disposal of the affected shares and Mr Gore and Mr Swartzberg receiving the amount of the strike price under the options. The obligations under the options have terminated. Director : Adrian Gore Company : Discovery Limited Nature of the transaction : Sale of ordinary shares and termination of the collar Date of transaction: : 6 March 2013 Number of shares sold : 2,424,918 Price : R48.35 Value of transaction : R117 244 785.30 On market/off market : Off market Nature of interest : Indirect beneficial Clearance : Yes Director : Barry Swartzberg Company : Discovery Limited Nature of the transaction : Sale of ordinary shares and termination of the collar Date of transaction: : 6 March 2013 Number of shares sold : 851,998 Price : R48.51 Value of transaction : R41 330 422.98 On market/off market : Off market Nature of interest : Indirect beneficial Clearance : Yes Sandton 7 March 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07/03/2013 09:22:00 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.