DISCOVERY LIMITED - Dealing in securities by a director of the Company

Dealing in securities by a director of the Company

DISCOVERY LIMITED
 (Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
JSE share code: DSY ISIN: ZAE000022331
("Discovery" or "the Company")


DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY
In compliance with Sections 3.63 to 3.47 of the Listings Requirements of the JSE Limited ("the Listings Requirements"), it is
hereby advised that the below-mentioned director of Discovery, has transacted in the shares of the Company:

Details of the transaction are set out below:

Director: Dr Ayanda Ntsaluba

     1.   Date of Transaction:           2015-03-11
          Nature of Transaction:         Vesting of 50,000 Discovery ordinary shares from the Discovery BEE Share Trust at a
                                         price of R127.50 per share
          Value of Transaction:          R6 375 000
          Nature of Interest:            Direct beneficial


     2.   Date of Transaction:           2015-03-12
          Nature of Transaction:         On market sale of 20,000 Discovery ordinary shares to settle employees tax on vesting
                                         of shares from the Discovery BEE Share Trust at a price of R129.47 per share
          Value of Transaction:          R2 589 400
          Nature of Interest:            Direct beneficial
          Clearance:                     In terms of paragraph 3.66 of the Listings Requirements the necessary clearance to deal
                                         in the above securities has been obtained


Johannesburg
13 March 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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