Dealing in securities by a director DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) JSE share code: DSY, DSYBP DSY ISIN: ZAE000022331 DSBP ISIN: ZAE000158564 JSE bond code: DSYI (“Discovery”) DEALING IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed. Ms De Bruyn entered into a financing agreement with a financial institution which consists of a loan agreement securitized by a simultaneous collar hedge and equity lending transaction: Director : Sonja Emilia Ncumisa De Bruyn Position : Non-Executive Director Company : Discovery Date of transaction : 12 April 2019 On/off market : Off market Class of securities : Options over Discovery ordinary shares Number of options : 64 000 Expiry date : 14 April 2020 Nature of transaction : Zero-cost collar European options Nature of interest : Direct beneficial Clearance obtained : Yes Number Duration Reference Put Put Value Call Call Value of price Strike Strike Options (%)* (%)* 64,000 12 months R143.00 100.00 R9,152,000.00 112.66 R10,310,643.20 * Percentage of spot reference price Sandton 18 April 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/04/2019 07:05:00 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.