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DISCOVERY LIMITED - Authorisation to establish a banking presence in terms of Section 13(1) of the Banks Act 94 of 1990

Release Date: 25/10/2016 14:12
Code(s): DSY     PDF:  
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Authorisation to establish a banking presence in terms of Section 13(1) of the Banks Act 94 of 1990

Discovery Limited
(Registration number 1999/007789/06)
(Incorporated in the Republic of South Africa)
Ordinary share code: DSY
ISIN: ZAE000022331
(“Discovery”)

Authorisation to establish a banking presence in terms of Section 13(1) of the Banks Act 94 of 1990

Shareholders are advised that Discovery has received authorisation from the Registrar of Banks to
establish a banking presence in the Republic of South Africa, granted in terms of Section 13(1) of the
Banks Act, Act No. 94 of 1990 (“Banks Act”), subject to certain conditions. Pursuant to this
authorisation, Discovery has a period of 12 months to fulfil the said conditions and obtain its final
approval in terms of Section 17 of the Banks Act. Shareholders are advised that such grant of a
banking license pursuant to section 17 above is subject to the approval of the Registrar of Banks.

Sandton
25 October 2016

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

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