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Tue 18 May 2004, 11:49 CORRECTION- DEALINGS IN SECURITIES BY DIRECTOR
DISCOVERY HOLDINGS LIMITED -  CORRECTION- 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                                                                
  This announcement replaces the announcement previously sent.  The number of     
  shares sold at R13.20 per share should be 30 477 shares.                        
  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              :  30 477                                         
  Date of transaction           :  13 May 2004                                    
  Selling price                 :  R13.20 per share                               
  Total value of transaction    :  R402 296.40                                    
  Nature and extent of                                                            
  director"s interest           :  Direct beneficial                              
  Clearance given               :  Yes                                            
  Sandton                                                                         
  18 May 2004                                                                     
  Merchant Bank and Sponsor                                                       
  RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
  CORPORATE FINANCE                                                               
  Date: 18/05/2004 11:03:02 AM Produced by the JSE SENS Department                
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