DISCOVERY LIMITED - Disclosure of significant holding of Discovery ordinary shares

Disclosure of significant holding of Discovery ordinary shares

DISCOVERY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
Legal Entity Identifier: 378900245A26169C8132
DSY ISIN: ZAE000022331
JSE Share Code: DSY
(“Discovery” or “the Company”)

DISCLOSURE OF SIGNIFICANT HOLDING OF DISCOVERY ORDINARY SHARES

In accordance with paragraph 122(3)(b) of the Companies Act, No. 71 of 2008 as amended (“the Companies
Act”), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited
Listings Requirements, shareholders are advised that Baillie Gifford & Co has notified the Company that
accounts under its management have increased its holding in the Company such that Baillie Gifford & Co now
holds 5.01% of the issued ordinary shares in the Company.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice
with the Takeover Regulation Panel.

The board of directors of Discovery accepts responsibility for the information contained in this announcement
as it relates to the Company and confirms that, to the best of its knowledge and belief, such information
relating to Discovery is true and that this announcement does not omit anything likely to affect the importance
of such information.

Sandton
9 June 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 09-06-2020 08:28:00
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