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Mon 18 Jul 2011, 17:00 DSY - Discovery Holdings Limited - Anton Ossip appointed as CEO of
DSY
DSY                                                                             
DSY - Discovery Holdings Limited - Anton Ossip appointed as CEO of              
Discovery Insure                                                                
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
("Discovery")                                                                   
ANTON OSSIP APPOINTED AS CEO OF DISCOVERY INSURE                                
Discovery today announced the appointment of Anton Ossip as the new CEO         
of Discovery Insure. Ossip replaces Steffen Gilbert, who joined Discovery       
on a contract basis in September 2009 to specifically assist with the           
initial development and operationalisation of Discovery Insure, and has         
successfully guided the Discovery Insure team through the launch phase.         
Ossip joined Discovery in June 2011, and brings with him substantial            
expertise in the personal lines short-term insurance market. As such, he        
has played a critical role in the development of Discovery Insure post-         
launch. Prior to joining Discovery, Ossip occupied a diverse range of           
executive positions at Alexander Forbes over a period of 13 years, and          
also served as Chairman of both the Alexander Forbes Insurance Board, and       
the Guardrisk Holdings Board.                                                   
"We would like to thank Steffen for his considerable contribution to the        
development of Discovery Insure, with the business gaining immediate            
traction and exceeding expectation. Going forward, Anton`s unique               
expertise across multiple insurance and financial services disciplines          
will further facilitate Discovery`s product integration strategy, and           
drive the evolution of Discovery Insure." said Adrian Gore, Discovery           
Holdings CEO.                                                                   
Gilbert will continue in a consulting role to Discovery Insure until 30         
September 2011. Thereafter, he plans to return to Asia and given his            
knowledge of Discovery, plans to provide consulting services to                 
Discovery`s international businesses.                                           
The information in Discovery`s press releases is specifically meant for         
journalists and consumers should not use it to make financial decisions.        
Detailed information about Discovery`s products is available at                 
www.discovery.co.za                                                             
Media Contacts                                                                  
Arcay Communications                                                            
Suzan Zungu                                                                     
Tel: 011 480 8562                                                               
Email : zungs@arcay.co.za                                                       
Duke Malan                                                                      
Media Relations                                                                 
Discovery                                                                       
27 11 529 1151                                                                  
dukem@discovery.co.za                                                           
Sandton                                                                         
18 July 2011                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 18/07/2011 17:00:23 Produced by the JSE SENS Department.                  
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