Dealing in securities by a director of a major subsidiary 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 OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed. Director of major subsidiary : Kenny Rabson Company : Discovery Life Limited (a major subsidiary of Discovery Limited) Nature of transaction : On market sale of securities Class of securities : Discovery ordinary shares Clearance obtained : Yes Nature of interest : Indirect beneficial Date of transaction : 30 May 2017 Number of securities : 6,902 Volume weighted average selling price : 12,914.72 cents per share Highest traded price : 12,926.00 cents per share Lowest traded price : 12,900.00 cents per share Total value of transaction : R 891,373.97 Date of transaction : 31 May 2017 Number of securities : 13,098 Volume weighted average selling price : 12,900.38 cents per share Highest traded price : 12,905.00 cents per share Lowest traded price : 12,900.00 cents per share Total value of transaction : R 1,689,691.77 Johannesburg 02 June 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02/06/2017 04:03:00 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.