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Mon 10 May 2004, 16:17 DEALINGS IN SECURITIES BY DIRECTOR
DISCOVERY HOLDINGS LIMITED - DEALINGS IN SECURITIES BY DIRECTOR                 
  DISCOVERY HOLDINGS LIMITED                                                      
  (Incorporated in the Republic of South Africa)                                  
  (Registration number : 1999/007789/06)                                          
  ISIN:          ZAE000022331                                                     
  Share Code:    DSY                                                              
  DEALINGS IN SECURITIES BY DIRECTOR                                              
  In compliance with rules 3.63 - 3.74 of the JSE Securities Exchange South Africa
  (`JSE") Listings Requirements, the following information is disclosed in respect
  of Neville Koopowitz, a director of Discovery Holdings Limited:                 
  Class of security:            Ordinary shares                                   
  Nature of transaction:        Sale                                              
  Number of shares:             35 000                                            
  Date of transaction:          6 May 2004                                        
  Average selling price:        R13.45 per share                                  
  Total value of transaction:   R470 750                                          
  Nature and extent of                                                            
  director"s interest:          Direct beneficial                                 
  Clearance given:              Yes                                               
  Class of security:            Ordinary shares                                   
  Nature of transaction:        Sale                                              
  Number of shares:             10 000                                            
  Date of transaction:          7 May 2004                                        
  Selling price:                R13.30 per share                                  
  Total value of transaction:   R133 000                                          
  Nature and extent of                                                            
  director"s interest:          Direct beneficial                                 
  Clearance given:              Yes                                               
  Sandton                                                                         
  10 May 2004                                                                     
  Merchant Bank and Sponsor                                                       
  RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
  CORPORATE FINANCE                                                               
  Date: 10/05/2004 04:10:02 PM Produced by the JSE SENS Department
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