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
In compliance with the JSE Securities Exchange South Africa Listings
Requirements, the following information is disclosed:
Director : Mr. S Whyte
Class of security : Ordinary shares
Nature of transaction : Sale
Number of shares : 247 000
Date of transaction : 28 October 2004
Selling price : 1630 cents per ordinary share
Total value of transaction : R4 026 100.00
Nature and extent of
director`s interest : Direct beneficial
Clearance received : Yes
Prior to the above transaction Mr. S Whyte held 2,859,056 ordinary shares:
461,943 of these shares were acquired through Discovery`s capital raising
exercise funded by personal debt.
In order to reduce Mr. S Whyte`s interest exposure he sold 247,000 shares at
1630 cents per share. The above transaction constitutes
approximately 8,67% of Mr. S Whyte`s holdings. He remains the holder of
2,612,056 ordinary shares.
Sandton
01 November 2004
Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
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