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Wed 3 Sep 2003, 14:32 DEALING IN SECURITIES BY DIRECTOR
DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTOR                  
  (Registration number : 1999/007789/06)                                          
  ISIN  : ZAE000022331                                                            
  Share Code : DSY                                                                
  In compliance with rules 3.63 - 3.74 of the JSE Listings Requirements, the      
  following information is disclosed:                                             
  Director                     : Barry Swartzberg                                 
  Company                      : Discovery Holdings Limited                       
  Class of security            : Ordinary shares                                  
  Nature of transaction        : Sale                                             
  Number of shares             : 15 000                                           
  Date of transaction          : 2 September 2003                                 
  Selling price                : 930.27 cents per share                           
  Total value of transaction   : R139 541                                         
  Nature and extent of                                                            
  director"s interest          : Indirect / Non-beneficial                        
                                 (Hillside Trust)                                 
  Sandton                                                                         
  3 September 2003                                                                
  Merchant Bank and Sponsor                                                       
  RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
  CORPORATE FINANCE                                                               
  Date: 03/09/2003 01:33:12 PM Produced by the JSE SENS Department                
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