DSY
DSY
DSY - Discovery Holdings - Prudential third quarter interim management statement
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000022331
Share Code: DSY
("Discovery")
PRUDENTIAL THIRD QUARTER INTERIM MANAGEMENT STATEMENT
Prudential Health Limited ("PruHealth") and PruProtect are Discovery`s joint
ventures in the United Kingdom, owned by Discovery and Prudential plc.
Shareholders are referred to the third quarter 2010 Interim Management statement
for Prudential plc released today, which contains the following information in
respect of PruHealth and PruProtect:
"In August 2010, our joint-venture partner Discovery SA announced the completion
of the acquisition of Standard Life Healthcare and its combination with the
PruHealth business. As part of the transaction, Prudential UK reduced its
shareholding in the combined PruHealth and PruProtect businesses to 25 per cent
and sales are included on a proportionate basis from 1 August 2010. Prudential
UK`s share of PruProtect sales was APE GBP14 million, an increase of 57 per cent
over the corresponding period last year. PruHealth sales of APE GBP10 million
were 6 per cent higher than 2009. At the end of September 2010 the combined
Health business had approximately 700,000 lives insured."
Sandton
10 November 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/11/2010 09:00:01 Produced by the JSE SENS Department.
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