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 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: Shareholders are referred to the Circular to Shareholders, dated 15 November 2005, relating to the Black Economic Empowerme ntnt (“BEE”) transaction. In terms of the BEE agreement, the BEE parties are required to utilise all distributions to acquire additio nal Discovery shares in the market. Shareholders are accordingly advised of the following purchase of Discovery ordinary shares by one of Discovery’s directors, Dr. TV Maphai, through his investment vehicle, Elderberry Investments 71 (Proprietary) Limite d, which forms part of Discovery’s BEE partners: Details of the transactions are set out below: 1. Date of Transaction: 2015-03-26 Nature of Transaction: On market purchase of 12,650 Discovery ordinary shares at a price of R119.28 per share Value of Transaction: R1,508,892.00 Nature of Interest: Indirect beneficial 2. Date of Transaction: 2015-03-27 Nature of Transaction: On market purchase of 8,850 Discovery ordinary shares at a price of R121.16 per share Value of Transaction: R1,072,266 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 03:12:00 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.