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Fri 10 Sep 2004, 17:22 Dealing In Securities By Directors
Discovery Holdings Limited - Dealing In Securities By Directors                 
  DISCOVERY HOLDINGS LIMITED                                                      
  (Incorporated in the Republic of South Africa)                                  
  (Registration number : 1999/007789/06)                                          
  ISIN  : ZAE000022331                                                            
  Share Code : DSY                                                                
  In compliance with the JSE Securities Exchange South Africa Listings            
  Requirements, the following information is disclosed:                           
  Director                           :  Mr. H P Mayers                            
  Class of security                  :  Ordinary shares                           
  Nature of transaction              :  Sale                                      
  Number of shares                   :  24 602                                    
  Date of transaction                :  9 September 2004                          
  Sale price                         :  Average price of R13.822893 per share     
  Total value of transaction         :  R340 070.81                               
  Nature and extent of                                                            
  director`s interest                :  Indirect beneficial                       
  Clearance given                    :  Yes                                       
  Director                           :  Mr. B Swartzberg                          
  Class of security                  :  Ordinary shares                           
  Nature of transaction              :  Sale                                      
  Number of shares                   :  20 501                                    
  Date of transaction                :  9 September 2004                          
  Sale price                         :  Average price of R13.822893 per share     
  Total value of transaction         :  R283 383.13                               
  Nature and extent of                                                            
  director`s interest                :  Direct beneficial                         
  Clearance given                    :  Yes                                       
  Director                           :  Mr. B Swartzberg                          
  Class of security                  :  Ordinary shares                           
  Nature of transaction              :  Sale                                      
  Number of shares                   :  10 251                                    
  Date of transaction                :  9 September 2004                          
  Sale price                         :  Average price of R13.822893 per share     
  Total value of transaction         :  R141 698.47                               
  Nature and extent of                                                            
  director`s interest                :  Indirect beneficial                       
  Clearance given                    :  Yes                                       
  Director                           :  Mr. N S Koopowitz                         
  Class of security                  :  Ordinary shares                           
  Nature of transaction              :  Sale                                      
  Number of shares                   :  25 627                                    
  Date of transaction                :  9 September 2004                          
  Sale price                         :  Average price of R13.822893 per share     
  Total value of transaction         :  R354 239.27                               
  Nature and extent of                                                            
  director`s interest                :  Indirect beneficial                       
  Clearance given                    :  Yes                                       
  Sandton                                                                         
  10 September 2004                                                               
  Merchant Bank and Sponsor                                                       
  RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
  CORPORATE FINANCE                                                               
  Date: 10/09/2004 04:23:05 PM Produced by the JSE SENS Department                
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