DISCOVERY LIMITED - Appointment of Group Financial Director and Chief Financial Officer

Appointment of Group Financial Director and Chief Financial Officer

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

APPOINTMENT OF GROUP FINANCIAL DIRECTOR AND CHIEF FINANCIAL OFFICER

Shareholders are reminded of the SENS announcements on 10 June 2016 and 15 December 2016, where
the Company advised that Mr Richard Farber will relinquish his role as Chief Financial Officer and Group
Financial Director. The following update is provided in compliance with the JSE Limited Listings
Requirements:

Deon Marius Viljoen (Deon) has been appointed as Financial Director to the board of Discovery, with
effect from 1 May 2017. Deon will also be appointed as Group Chief Financial Officer with effect from 1
May 2017.

Deon joined Alexander Forbes Group Holdings in 2003 as finance director of Investment Solutions. He
was promoted to Group CFO in 2007, and served as interim Group CEO for a short period in 2016. He
serves on a number of the Alexander Forbes Group subsidiary boards, including their insurance entities.
Prior to Alexander Forbes, Deon was a partner and director of PriceWaterhouseCoopers Inc
Johannesburg in their financial services team. Deon was named South Africa’s CFO of the Year 2015 by
CFO South Africa.

Deon brings tremendous experience to this role, and will add value to the Discovery team.

Richard Farber will relinquish his role as Chief Financial Officer and Group Financial Director, with effect
from 30 April 2017, but will remain an executive director of Discovery and will continue to provide
support to Deon during the transition.


SANDTON
03 February 2017

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

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