Dealing 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”) DEALING IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed. Shareholders are referred to the Circular to Shareholders, dated 15 November 2005, relating to the Black Economic Empowerment (“BEE”) transaction. In terms of the BEE agreement, the BEE parties are required to utilise all distributions to acquire additional Discovery shares in the market. Shareholders are accordingly advised of the following dealing in securities by Elderberry Investments 71 (Proprietary) Limited, which forms part of Discovery’s BEE partners and is the investment vehicle of Dr. TV Maphai: Director : Dr. TV Maphai Company : Discovery Limited Office held : Non-executive director Date of transaction : 20 October 2016 Class of securities : Discovery ordinary shares Nature of transaction : On market purchase of securities Number of securities : 11,200 Purchase price : 11380.00 cents per share Total value of transaction : R 1,274,560.00 Nature of interest : Indirect beneficial Clearance obtained : Yes Johannesburg 24 October 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/10/2016 12:00:00 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.