DISCOVERY LIMITED - Dealings in securities by directors

Dealings in securities by directors

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


DEALINGS IN SECURITIES BY DIRECTORS

In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are advised of the
following dealings in securities by directors.

Pursuant to the approval granted by shareholders at the Company's annual general meeting, held on 26
November 2018, to issue the Company's ordinary shares to persons falling within the ambit of Section 41(1)
of the Companies Act 71 of 2008, for the specific purpose of raising capital to fund the acquisition by the
Group of FirstRand Group's remaining interests in Discovery Bank and the Discovery card joint venture, the
following dealings in securities are disclosed:

Company                                                   :      Discovery                                                                 
Nature of transaction                                     :      Off-market purchase of shares (allotment pursuant to
                                                                 accelerated bookbuild offering "ABO")
Class of securities                                       :      Discovery ordinary shares
Date of transaction                                       :      29 November 2018
Clearance obtained                                        :      Yes

Director                                                  :      Mr. Adrian Gore
Office held                                               :      Executive Director and Group Chief Executive
Nature of interest                                        :      Indirect beneficial
Number of securities                                      :      877,991
Allotment price per share                                 :      R162.00 (at ABO clearing price)
Total value of transaction                                :      R142,234,542.00

Director                                                  :      Mr. Barry Swartzberg
Office held                                               :      Executive Director
Nature of interest                                        :      Indirect beneficial
Number of securities                                      :      454,104
Allotment price per share                                 :      R162.00 (at ABO clearing price)
Total value of transaction                                :      R73,564,848.00

Director                                                  :      Mr. Herschel Mayers
Office held                                               :      Executive Director
Nature of interest                                        :      Indirect beneficial
Number of securities                                      :      150,166
Allotment price per share                                 :      R162.00 (at ABO clearing price)
Total value of transaction                                :      R24,326,892.00


Johannesburg
29 November 2018

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

Date: 29/11/2018 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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