Dealings in securities by a director DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) JSE share code: DSY ISIN: ZAE000022331 (“Discovery”) DEALINGS IN SECURITIES BY A DIRECTOR In compliance with the Listing Requirements of the JSE Limited, the following information is disclosed: Director : Dr Ayanda Ntsaluba Company : Discovery Limited Date of transaction : 03 October 2016 Nature of transaction : Off market vesting of Discovery ordinary shares from the Discovery BEE Share Trust Number of securities : 50,000 Class of securities : Ordinary Shares Deemed price* : R113.00 per share Total value of transaction : R5,650,000.00 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 03 October 2016 Nature of transaction : On market sale of securities to primarily settle employees tax on vesting of shares Number of securities : 25,000 Class of securities : Ordinary Shares Selling price : R112.0766 per share Total value of transaction : R2,801,915.00 Nature of interest : Direct beneficial Clearance obtained : Yes * The deemed price is based on the closing price on transaction date Sandton 05 October 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 05/10/2016 09:25:00 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.