Dealings in securities by a director of the company Discovery Limited (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06 Share code: DSY ISIN: ZAE000022331 (“Discovery” or “Company”) DEALINGS IN SECURITIES BY A DIRECTOR OF THE COMPANY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Shareholders are reminded of the hedging transaction Mr. Koopowitz entered into over a portion of his holdings in Discovery shares, which was announced on the Stock Exchange News Service (“SENS”) on 21 September 2015. Director : Neville Koopowitz Date of transaction : 17 September 2015 Class of shares : Options over Discovery ordinary shares Nature of interest : Indirect beneficial Nature of transaction : Zero-cost collar options Number of options : 200,000 Clearance obtained : Yes Number of Expiry Duration Reference Put Put Call Call Options price Strike Value Strike Value (%)* (%)* 200,000 16-Sep-17 24 months R137.64 75.00 R103.23 145.60 R200.40 *Percentage of spot reference price Shareholders are now advised that the above zero cost collar was settled by the counterparty, with no discretion exercised by Mr Koopowitz, as follows: Date of transaction : 18 September 2017 Class of shares : Discovery ordinary shares Nature of interest : Direct beneficial Nature of transaction : On-market sale of shares Number of shares : 140,760 Volume weighted average : R146.67672 selling price Highest traded price : R147.40 Lowest traded price : R145.50 Total value of transaction : R20,646,215.11 Clearance obtained : Yes Sandton 21 September 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21/09/2017 09:49:00 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.