Pledge and cession of shares 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, DSYBP DSY ISIN: ZAE000022331 DSBP ISIN: ZAE000158564 JSE bond code: DSYI ("Discovery") PLEDGE AND CESSION OF SHARES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed. Shareholders are advised that Mr. Gore has entered into a security arrangement over ordinary shares in Discovery related to a funding arrangement. Director : Adrian Gore Company : Discovery Limited Office held : Group Chief Executive Class of securities : Ordinary shares Nature of interest : Indirect beneficial On market / off market : Off market Clearance obtained : Yes Transaction Nature of transaction : Pledge and cession in securitatem debiti of ordinary shares as security for the financial obligation described below Transaction effective date : 9 April 2020 Number of shares pledged : 18,600,000 Value of shares on transaction effective date : R 1,689,810,000 Financial obligation Nature of financial obligation : Preference share funding Term : 22 May 2024 Preference share subscription price : R 303,000,000 Sandton 17 April 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 17-04-2020 04:13:00 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.