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Discovery - Discovery`s Shaun Matisonn to head up UK joint venture with
Prudential
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000022331
Share Code: DSY
(`Discovery`)
PRESS RELEASE - DISCOVERY`S SHAUN MATISONN TO HEAD UP UK JOINT VENTURE WITH
PRUDENTIAL
PruHealth, the UK joint venture between Discovery Holdings of South Africa and
Prudential UK in the private medical insurance market, today announced the
appointment of Shaun Matisonn as its new Chief Executive with immediate effect.
Matisonn is already a member of the PruHealth Board and a member of the
Discovery executive, where he has been for over 10 years. Matisonn has been
intricately involved in the development of the Discovery`s successful medical
scheme model during that time.
Matisonn has also been closely involved with the PruHealth JV from inception, so
he will be able to apply his knowledge and skills to his new role immediately.
PruHealth was successfully launched in the UK market late last year. PruHealth
is revolutionising the private medical insurance marketplace in the UK with its
innovative approach to products and positioning in an otherwise stagnant market.
Catherine McGrath, the outgoing Chief Executive, leaves the business with the
best wishes and thanks of the PruHealth Board for the immense effort that she
and her team invested in the set-up phase of the business.
Shaun Matisonn said: `I am extremely excited to take PruHealth forward from the
very solid start that we have made in establishing ourselves in the UK
marketplace. We are well-placed to build on the firm foundations that have been
laid down.`
Discovery CEO Adrian Gore said he was delighted to announce Matisonn`s
appointment.
`His appointment reiterates the very strong relationship between Discovery and
Prudential, and the confidence that the Prudential has in Discovery`s ability to
deliver. For our part we are certain that under Shaun`s stewardship, PruHealth
will fulfil our expectations in this very important venture,` said Gore.
Issued by : Beachhead Media and Investor Relations
Contacts : Patrick Lawlor
(011) 214 2410 / 082 459 6709
Patrick@bmsa.co.za
Issued on behalf of : Discovery Holdings
Adrian Gore
(011) 529 2800
Shaun Matisonn
082 606 2865
Sandton
17 March 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
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