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Fri 10 Dec 2004, 16:30 Dealing In Securities By A Director
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                              
Nature and extent of                                                            
director`s interest           :  Direct beneficial                              
Clearance obtained            :  Yes                                            
Nature of transactions        :  Sale                                           
Class of Share                :  Ordinary                                       
Date of transaction           :  8 December 2004                                
Number of shares              :  40 200                                         
Price of transaction     s    :  18,22                                          
Total value of transaction    :  R732 444.00                                    
Number of shares              :  34 800                                         
Price of transaction     s    :  18,23                                          
Total value of transaction    :  R634 404.00                                    
Date of transaction           :  9 December 2004                                
Number of shares              :  25 000                                         
Price of transaction     s    :  18,20                                          
Total value of transaction    :  R455 000.00                                    
Sandton                                                                         
10 December 2004                                                                
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE
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