DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number : 1999/007789/06)
ISIN : ZAE000022331
Share Code : DSY
(`Discovery`)
In compliance with the JSE Securities Exchange South Africa Listings
Requirements, the following information is disclosed:
Director : Mr. N S Koopowitz
Class of security : Ordinary shares
Nature of transaction : Ownership and delivery of shares in terms of
the Discovery Holdings Share Scheme
Number of shares : 425 000
Date of transaction : 27 September 2004
Price of transactions : 262 500 ordinary shares @ R10.83
125 000 ordinary shares @ R7.80
37 500 ordinary shares @ R7.20
Total value of
transaction : R4 087 875.00
Pursuant to the above, Mr. N S Koopowitz has
entered into a hedge over his shares in order to
secure finance to take ownership and delivery of
the Discovery shares. The hedge comprises put
and call options (an option collar) and expires
27 September 2005. Floor price: R11.20. Cap
Price: R18.50.
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Sandton
28 September 2004
Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 28/09/2004 02:08:19 PM Produced by the JSE SENS Department
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