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Mon 21 Feb 2005, 10:56 PRESS RELEASE
DISCOVERY HOLDINGS LIMITED - PRESS RELEASE                                      
DISCOVERY HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/007789/06)                                           
ISIN: ZAE000022331                                                              
Share Code: DSY                                                                 
(`Discovery`)                                                                   
PRESS RELEASE                                                                   
Shareholders are advised that Discovery has signed a letter of intent with      
Prudential Assurance Company Limited, a wholly owned subsidiary of Prudential   
plc, for the development and marketing of protection products in the United     
Kingdom using Discovery`s product and administration strengths. The products    
will be marketed under the Prudential brand, and will be distributed through    
Prudential`s existing sales channels.                                           
Sandton                                                                         
21 February 2005                                                                
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE
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