DSY
DSY
DSY - Discovery Holdings Limited - Prudential 2010 half year financial results
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000022331
Share Code: DSY
("Discovery")
PRUDENTIAL 2010 HALF YEAR FINANCIAL RESULTS
Shareholders are referred to the 2010 Half Year Financial Results for Prudential
plc released today, which contains the following information in respect
Prudential Health Limited ("PruHealth") and PruProtect. PruHealth and PruProtect
are the joint ventures in the United Kingdom, owned by Discovery and Prudential
plc.
"The PruHealth joint venture uses the Prudential brand and Discovery`s expertise
to build branded distribution in Health and Protection. In August 2010,
Discovery announced the completion of the acquisition of Standard Life
Healthcare and its combination with the PruHealth business. This acquisition was
fully funded by Discovery and as a result, Prudential reduced its shareholding
in the combined business from 50 per cent to 25 per cent with effect from 1
August 2010, the date of the acquisition. PruHealth currently has 220,000 lives
insured, an increase of five per cent over the last year. PruProtect sales at
APE GBP11 million were GBP5 million (98 per cent) up on the first half of 2009,
supported by the launch of the "Essential" Plan in November 2009."
Sandton
12 August 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/08/2010 12:06:03 Produced by the JSE SENS Department.
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