DISCOVERY LIMITED - Dealings in securities by a director

Dealings in securities by a director

DISCOVERY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
Legal Entity Identifier: 378900245A26169C8132
JSE share code: DSY, DSBP
DSY ISIN: ZAE000022331
DSBP ISIN: ZAE000158564
JSE bond company code: DSYI
("Discovery")

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited ("JSE") Listings Requirements and paragraphs 6.45
to 6.56 of the JSE Debt and Specialist Securities Listings Requirements, the following information is disclosed.

Shareholders and noteholders are referred to the announcement released on the Stock Exchange News Service
of the JSE on 30 May 2024 which, in turn, referred to prior announcements, dated 17 May 2024, 23 March 2020
which, in turn, referred to prior announcements, dated 2 December 2019, 21 October 2016 and 4 November
2013, regarding hedging transactions entered into by Mr Adrian Gore over a portion of his shareholding in
Discovery. These hedging transactions were related to funding arrangements entered into in order to follow
various rights offers and subscriptions for Discovery ordinary shares over time.

The collar arrangement forming part of the hedging transactions, which included call options on the Discovery
ordinary shares, has now reached maturity. The current Discovery share price at the collar's maturity is higher
than the strike price on the call options, leading to the sale of Discovery ordinary shares. Importantly, these sales
pertain solely to a subset of Mr Gore's shareholding subject to the collar arrangement.

 Director                                             :    Mr Adrian Gore
 Company                                              :    Discovery Limited
 Office held                                          :    Group Chief Executive
 Nature of interest                                   :    Indirect beneficial
 Nature of transaction                                :    Sale of securities
 Clearance obtained                                   :    Yes
 Class of securities                                  :    Ordinary shares
 On market/off market                                 :    On market

Transaction 1
 Date of transaction                                  :    30 May 2025
 Number of shares                                     :    125,000
 Selling price per share                              :    ZAR 218.08
 Total value of transaction                           :    ZAR 27,260,000.00

Transaction 2
 Date of transaction                                  :    4 June 2025
 Number of shares                                     :    50,000
 Selling price per share                              :    ZAR 221.55
 Total value of transaction                           :    ZAR 11,077,500.00


Sandton
5 June 2025

Equity and Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 05-06-2025 01:40:00
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