Appointment of an Independent Director to the Board and to Board Committees

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" or the "Company")


APPOINTMENT OF AN INDEPENDENT DIRECTOR TO THE BOARD AND TO BOARD COMMITTEES


In accordance with paragraph 3.59 of the JSE Limited Listings Requirements and paragraph 6.42 of the Debt and Specialist
Securities Listings Requirements, shareholders and noteholders are advised of the following changes to the Company's Board
of Directors ("Board") and to the Board Committees ("Committees").

The Board is pleased to announce that Ms Nolitha Fakude has been appointed as an Independent Non-Executive Director of
the Company with effect from 1 September 2025.

Ms Fakude's experience and expertise extends to a number of sectors. In addition, she has international experience gained
through working in multinational organisations in group wide roles. She has previously held executive roles at Anglo American
plc, Sasol Limited and Woolworths Holdings Limited. She has also served on the boards of, amongst others, Discovery Bank
Holdings and the JSE Limited. She possesses significant non-executive governance expertise at board and committee levels in
remuneration, risk management and sustainability.

Ms Fakude holds a BA Honours in Psychology from Fort Hare University and a Senior Executive Programme ("SEP") from the
Wits University/Harvard Business Schools.

COMMITTEES

Ms Fakude has also been appointed as a member of the Nominations, Remuneration and Social and Ethics Committees.

The rest of the Committees remain unchanged and duly constituted.

Given Discovery's continued global expansion, Ms Fakude will be hugely valuable to the Board and its Committees as her
appointment will bring a wealth of both local and international business experience across various sectors. The Board wishes
her well in her new role.

The Board confirms that the appointment of Ms Fakude was made pursuant to its Nominations of Directors Policy.

Sandton

27 August 2025

Equity and Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 27-08-2025 01:45:00
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