Dealings in securities by a director DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) JSE share code: DSY ISIN: ZAE000022331 (“Discovery”) DEALINGS IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Mr Barry Swartzberg has entered into a series of hedging transactions over a portion of his shareholding in Discovery. The hedging transactions have been entered into primarily to manage risk associated with debt raised by Mr Swartzberg during previous rights issues. Director : Mr Barry Swartzberg Company : Discovery Limited Date of transactions : 29 October 2018 Class of securities : Options over Discovery ordinary shares Nature of interest : Indirect beneficial On market / off market : Off market Clearance obtained : Yes Transaction 1 Nature of transaction : Purchase of cash-settled European put options with a strike price of R 94.3750 per share Exercise Dates : Every Tuesday and Thursday from 6 September 2022 to 15 December 2022 (30 equally weighted tranches) Number of options : 3,000,000 Initial Price per share : R 151.000 Notional value of transaction : R 283,125,000 Transaction 2 Nature of transaction : Purchase of cash-settled European put options with a strike price of R 117.0250 per share Exercise Dates : Every Tuesday and Thursday from 6 September 2022 to 15 December 2022 (30 equally weighted tranches) Number of options : 3,000,000 Initial Price per share : R 151.00 Notional value of transaction : R 351,075,000 Transaction 3 Nature of transaction : Purchase of cash-settled European call options with a strike price of R 269.5350 per share Exercise Dates : Every Tuesday and Thursday from 6 September 2022 to 15 December 2022 (30 equally weighted tranches) Number of options : 3,000,000 Initial Price per share : R 151.00 Notional value of transaction : R 808,605,000 Transaction 4 Nature of transaction : Purchase of cash-settled European call options with a strike price of R 292.1850 per share Exercise Dates : Every Tuesday and Thursday from 6 September 2022 to 15 December 2022 (30 equally weighted tranches) Number of options : 3,000,000 Initial Price per share : R 151.00 Notional value of transaction : R 876,555,000 Sandton 2 November 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02/11/2018 10:11:00 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.