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 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)

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