DISCOVERY LIMITED - Acceptance of annual awards of shares in terms of the deferred portion of the Single Incentive Plan (SIP)

Acceptance of annual awards of shares in terms of the deferred portion of the Single Incentive Plan (“SIP”)

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
Bond company code: DSYI
(the "Group" or "Discovery" or the "Company")

ACCEPTANCE OF ANNUAL AWARDS OF SHARES IN TERMS OF THE DEFERRED PORTION OF THE SINGLE INCENTIVE PLAN ("SIP")

In compliance with paragraphs 3.63 to 3.74 and paragraphs 6.45 to 6.56 of the JSE Limited Listings Requirements and Debt and Specialist Securities Listings Requirements
respectively, notification is hereby given that certain executive directors and a prescribed officer of the Company, directors of major subsidiaries and the Group company secretary
have accepted annual awards of ordinary shares allocated in terms of the deferred portion of the SIP through the Discovery Long-Term Incentive Plan Trust ("LTIP Trust"). The
deferred portion of the SIP is awarded based on the performance criteria as per the SIP for the year ended 30 June 2024 and is settled in equity held on behalf of participants by
the LTIP Trust. The share awards of the deferred portion of the SIP are subject to continued employment.

The nature of the interest in respect of each of these awards is indirect beneficial. The transactions have occurred off-market and the necessary clearances have been obtained.

The details are set out below:


 Executive Director of Discovery Limited     Number of shares accepted         Acceptance dates            Reference Price* (all figures in R)   Deemed Transaction Value (all
                                                                                                                                                 figures in R)
 A Gore                                      61 760                            27 November 2024            172.01                                10 623 338

 DM Viljoen                                  50 910                            27 November 2024            172.01                                8 757 029

 B Swartzberg                                90 952 (Note 1)                   26 November 2024            172.01                                15 644 654


Executive directors' share awards vest equally from the 3rd to the 5th anniversaries of these awards (between 30 September 2027 and 30 September 2029).


(Note 1) Includes award in respect of Vitality Global Outperformance Plan

 Prescribed officer, directors    Number of shares     Company                                         Acceptance dates        Reference Price*     Deemed Transaction
 of major subsidiaries and        accepted                                                                                     (all figures in R)   Value (all figures in R)
 Group company secretary
 HD Kallner                       141 234 (Note 2)     Discovery Limited (prescribed officer)          26 November 2024        172.01               24 293 660
 J Broomberg                      83 729 (Note 3)      Discovery Health                                26 November 2024        172.01               14 402 225
 F Chothia                        12 736               Discovery Health                                27 November 2024        172.01               2 190 719
 A Ntsaluba                       35 807               Discovery Health                                26 November 2024        172.01               6 159 162
 N Pitje                          10 620               Discovery Health                                27 November 2024        172.01               1 826 746
 RM Whelan                        20 026               Discovery Health                                26 November 2024        172.01               3 444 672
 SA Cohen                         10 988               Discovery Life                                  26 November 2024        172.01               1 890 046
 KS Rabson                        28 530               Discovery Life                                  26 November 2024        172.01               4 907 445
 RJ Van Reenen                    26 815               Discovery Life                                  26 November 2024        172.01               4 612 448
 AC Ceba                          7 117                Discovery Limited (Group company secretary)     27 November 2024        172.01               1 224 195

The Prescribed officer, directors of major subsidiaries and the Group company secretary's share awards vest equally from the 1st to the 3rd anniversaries of these awards
(between 30 September 2025 and 30 September 2027).

* Consistent with the scheme rules and prior years, the reference price has been used in determining the share allocations and represents volume weighted average traded
price of the Company's shares for the 5 days ended 30 September 2024.

Sandton
29 November 2024

Equity Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Debt Sponsor
FirstRand Bank Limited

(Note 2) Includes award in respect of special Outperformance SIP (on- target value reduced with increase in reward for stretch performance)
(Note 3) Includes award in respect of Vitality Global Outperformance Plan

Date: 29-11-2024 04:07:00
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