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 rule 3.63 to 3.74 of the JSE Securities Exchange South Africa
Listings Requirements, the following information is disclosed:
Director : Mr. S D Whyte
Class of security : Ordinary shares
Nature of transaction : Mr S D Whyte has entered into a
hedge over his shares in order to
secure a financing arrangement. The
hedge comprises put and call options
(an option collar) and expires on 2 May 2006.
Floor price : R16.20
Cap price : R19.76
Number of shares : 350 000
Date of transaction : 01 November 2004
Price of transaction : R16.20
Total value of transaction : R5 670 000.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Sandton
04 November 2004
Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
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