Voluntary announcement: DMTN programme roadshow and additional information DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1999/007789/06) Legal Entity Identifier: 378900245A26169C8132 JSE share code: DSY, DSYBP DSY ISIN: ZAE000022331 DSBP ISIN: ZAE000158564 JSE bond company code: DSYI ("Discovery" or "the Company” or “the Group”) VOLUNTARY ANNOUNCEMENT: DMTN PROGRAMME ROADSHOW AND ADDITIONAL INFORMATION Shareholders and bondholders are advised that Discovery will be undertaking a Domestic Medium Term Note Programme (“DMTN Programme”) roadshow commencing Friday, 1 November 2019 ahead of a placement under the DMTN Programme. This placement is in line with the previously communicated Group funding strategy. A copy of the presentation (“the presentation”), which will be communicated during the roadshow is available on the Company’s website (https://www.discovery.co.za/corporate/investor-relations and page down to DMTN Programme). In addition to information previously provided in the annual results announcement released on SENS on 4 September 2019, the presentation contains an update on the progress of Discovery Bank and actions taken to mitigate uncertainty impacting an already low interest rate environment in the United Kingdom. Any forecast financial information contained in the presentation is unaudited and has not been reviewed or reported on by the Company’s external auditors. Sandton 1 November 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 01/11/2019 09:03:00 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.