DISCOVERY LIMITED - Changes to the board of directors

Changes to the board of directors

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

CHANGES TO THE BOARD OF DIRECTORS

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

The Board of Directors of Discovery ("Board") is pleased to announce the appointment of Ms Faith
Khanyile as a non-executive director to the Board, with effect from 22 October 2015.

Ms Khanyile is the CEO of WDB Investment Holdings (Pty) Limited ("WDBIH"), one of Discovery’s Black
Economic Empowerment shareholders and succeeds Ms Tania Slabbert who has resigned as non-
executive director from the Board with immediate effect, following the appointment of
Ms Khanyile as CEO at WDBIH.

Ms Khanyile has been associated with WDBIH for over 20 years, as one of its founding members. She has
extensive experience in financial services, corporate and investment banking, strategy development and
leadership, having spent 12 years in the Standard Bank Group in various senior management and
executive roles, including the Head of Corporate Banking.

Ms Khanyile completed her BA Economics degree with Honors at Wheaton College, USA, MBA (Finance)
from Bentley Graduate School of Business, USA. She also completed an HDIP Tax from the University of
Johannesburg in 2005 and participated at Columbia University (New York) Executive Leadership
Programme in the latter part of 2007.

Discovery wishes to thank Ms Slabbert for her invaluable contribution to the Board over the past 8
years.


Johannesburg
23 October 2015

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

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