DISCOVERY LIMITED - Dealings in securities by a director

Dealings in securities 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, DSBP
DSY ISIN: ZAE000022331
DSBP ISIN: ZAE000158564
JSE bond company code: DSYI
("Discovery")

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited ("JSE") Listings and paragraphs 6.42 to 6.53 of the JSE
Debt Listings Requirements, the following information is disclosed.

Shareholders and noteholders are referred to the announcement released on the Stock Exchange News Service of the
JSE on 23 March 2020 which, in turn, referred to prior announcements, dated 2 December 2019, 21 October 2016 and
4 November 2013, with regards to Mr Gore's hedging transactions entered into over a portion of his shareholding in
Discovery.

Shareholders and noteholders are now advised that Mr Gore has replaced the existing hedging transaction, as stated
below. These hedging transactions are related to funding arrangements entered into in order to follow various rights
offers and subscriptions for Discovery shares over time.


 Director                                                 : Mr Adrian Gore
 Company                                                  : Discovery Limited
 Office held                                              : Group Chief Executive
 Nature of interest                                       : Indirect beneficial
 Clearance obtained                                       : Yes

 Date of transactions                                     : 13 May 2024
 Class of securities                                      : Options over Discovery ordinary shares
 On market / off market                                   : Off market

Transaction 1
 Nature of transaction                                    : Purchase of European put options with an average strike
                                                            price of R 95.50 per share
 Exercise Dates                                           : 19 months on average
 Number of options                                        : 3,365,770
 Notional value of transaction at Exercise Dates          : R 321,431,035.00

Transaction 2
 Nature of transaction                                    : Sale of European call options with an average strike
                                                            price of R 153.37 per share
 Exercise Dates                                           : 19 months on average
 Number of options                                        : 3,365,770
 Notional value of transaction at Exercise Dates          : R 516,208,144.90


Sandton
17 May 2024

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

Date: 17-05-2024 05:36:00
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