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Tue 14 Sep 2004, 13:55 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. J M Robertson                                 
Class of security          :  Ordinary shares                                   
Nature of transaction      :  Sale                                              
Number of shares           :  21 251                                            
Date of transaction        :  10 September 2004                                 
Sale price                 :  1379,1 cents per ordinary share                   
Total value of transaction :  R293 072.54                                       
Nature and extent of                                                            
director`s interest        :  Direct beneficial                                 
Clearance given            :  Yes                                               
Director                   :  Mr. J M Robertson                                 
Class of security          :  Ordinary shares                                   
Nature of transaction      :  Sale                                              
Number of shares           :  48 749                                            
Date of transaction        :  13 September 2004                                 
Sale price                 :  1355,13 cents per ordinary share                  
Total value of transaction :  R660 612.32                                       
Nature and extent of                                                            
director`s interest        :  Direct beneficial                                 
Clearance given            :  Yes                                               
Sandton                                                                         
14 September 2004                                                               
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE
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