Dealings in securities by a director DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) JSE share code: DSY, DSBP DSY ISIN: ZAE000022331 DSBP ISIN: ZAE000158564 JSE bond code: DSYI (“Discovery”) DEALINGS IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: As part of consolidating his existing funding arrangements, Mr Adrian Gore has entered into a series of hedging transactions over a portion of his shareholding in Discovery. Director : Mr Adrian Gore Company : Discovery Limited Date of transactions : 30 May 2019 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 106.4175 per share Exercise dates : Every day from 3 November 2023 to 30 November 2023 (20 equally weighted tranches) Number of options : 3,900,000 Initial price per share : R141.89 Notional value of transaction : R415,028,250.00 Transaction 2 Nature of transaction : Sale of cash-settled European call options with a strike price of R 248.3075 per share Exercise dates : Every day from 3 November 2023 to 30 November 2023 (20 equally weighted tranches) Number of options : 1,950,000 Initial price per share : R141.89 Notional value of transaction : R484,199,625.00 Sandton 31 May 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 31/05/2019 03:12:00 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.