Dealing in securities by directors 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 DIRECTORS OF THE COMPANY In compliance with paragraphs 3.63 to 3.47 of the Listings Requirements of the JSE Limited shareholders are advised of the following transactions by directors of Discovery, in terms of the Rights Issue announced on the Stock Exchange News Service on 24 February 2015 and 10 March 2015: Director: Mr Alan Pollard 1. Date of Transaction: 2015-03-17 Nature of Transaction: On market sale of letters of allocation of the Rights Issue Class of Securities: Letters of Allocation in respect of ordinary shares offered in terms of the Rights Issue Number of securities: 153 289 Selling price: 3 401 cents per share Value of Transaction: R5 213 358.89 Nature of Interest: Direct beneficial Director: Mr John Robertson 1. Date of Transaction: 2015-03-17 Nature of Transaction: On market sale of letters of allocation of the Rights Issue Class of Securities: Letters of Allocation in respect of ordinary shares offered in terms of the Rights Issue Number of securities: 150 102 Selling price: 3 425 cents per share Value of Transaction: R5 140 993.50 Nature of Interest: Indirect beneficial 2. Date of Transaction: 2015-03-18 Nature of Transaction: On market sale of letters of allocation of the Rights Issue Class of Securities: Letters of Allocation in respect of ordinary shares offered in terms of the Rights Issue Number of securities: 111 526 Selling price: 3 300 cents per share Value of Transaction: R3 680 358.00 Nature of Interest: Direct beneficial 3. Date of Transaction: 2015-03-18 Nature of Transaction: On market sale of letters of allocation of the Rights Issue Class of Securities: Letters of Allocation in respect of ordinary shares offered in terms of the Rights Issue Number of securities: 168 174 Selling price: 3 300 cents per share Value of Transaction: R5 549 742.00 Nature of Interest: Indirect beneficial 4. Date of Transaction: 2015-03-19 Nature of Transaction: On market sale of letters of allocation of the Rights Issue Class of Securities: Letters of Allocation in respect of ordinary shares offered in terms of the Rights Issue Number of securities: 20 300 Selling price: 3 300 cents per share Value of Transaction: R669 900.00 Nature of Interest: Direct beneficial In terms of paragraph 3.66 of the Listings Requirements the necessary clearances to deal in the above securities has been obtained. Johannesburg 20 March 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/03/2015 02:43:00 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.