Dealing in securities by a director of a major subsidiary 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 A MAJOR SUBSIDIARY OF THE COMPANY In compliance with the Listings Requirements of the JSE Limited (“JSE”), shareholders are advised of the following transactions by a director of Discovery Life, a major subsidiary 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 Kenny Rabson 1. Date of Transaction: 2015-03-24 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: 41,574 Selling price: 3 000 cents per share Value of Transaction: R1,247,220.00 Nature of Interest: Indirect beneficial 2. Date of Transaction: 2015-03-24 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: 406 Selling price: 3 001 cents per share Value of Transaction: R12,184.06 Nature of Interest: Indirect beneficial 3. Date of Transaction: 2015-03-24 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: 2,187 Selling price: 3 003 cents per share Value of Transaction: R65,675.61 Nature of Interest: Indirect beneficial 4. Date of Transaction: 2015-03-24 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: 4,200 Selling price: 3 009 cents per share Value of Transaction: R126,378.00 Nature of Interest: Indirect beneficial 5. Date of Transaction: 2015-03-24 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: 11,111 Selling price: 3 015 cents per share Value of Transaction: R334,996.65 Nature of Interest: Indirect beneficial In terms of the JSE Listings Requirements the necessary clearance to deal in the above securities has been obtained. Johannesburg 27 March 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27/03/2015 03:11:00 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.