Dealing in securities by directors of the company DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) JSE share code: DSY ISIN: ZAE000022331 (“Discovery” or “Company”) DEALING IN SECURITIES BY DIRECTORS OF THE COMPANY In compliance with the JSE Limited Listings Requirements, the following information is disclosed. Director : Herschel Mayers Company : Discovery Limited Office held : Executive director Date of transaction : 23 February 2017 Class of securities : Discovery ordinary shares Nature of transaction : On market sale of securities Number of securities : 45,000 Volume weighted average selling price : 12537.1667 cents per share Highest traded price : 12599.00 cents per share Lowest traded price : 12490.00 cents per share Total value of transaction : R5,641,725.01 Nature of interest : Direct beneficial Clearance obtained : Yes Director : Dr. Brian Brink Company : Discovery Limited Office held : Non-executive director Date of transaction : 23 February 2017 Class of securities : Discovery ordinary shares Nature of transaction : On market sale of securities Number of securities : 2,400 Volume weighted average selling price : 12561.05 cents per share Highest traded price : 12563.00 cents per share Lowest traded price : 12558.00 cents per share Total value of transaction : R301,465.20 Nature of interest : Direct beneficial Clearance obtained : Yes Director : Sonja De Bruyn Sebotsa Company : Discovery Limited Office held : Non-executive director Date of transaction : 24 February 2017 Class of securities : Discovery ordinary shares Nature of transaction : On market sale of securities Number of securities : 12,295 Volume weighted average selling price : 12392.3252 cents per share Highest traded price : 12410.00 cents per share Lowest traded price : 12380.00 cents per share Total value of transaction : R1,523,636.38 Nature of interest : Direct beneficial Clearance obtained : Yes Johannesburg 28 February 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/02/2017 07:18:00 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.