DISCOVERY LIMITED - Dealings in Securities by a Director

Dealings in Securities by a Director 

DISCOVERY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
Legal Entity Identifier: 378900245A26169C8132
JSE share code: DSY, DSBP
DSY ISIN: ZAE000022331
DSBP ISIN: ZAE000158564
JSE bond company code: DSYI
("Discovery")

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 6.77 to 6.90 of the JSE Limited (“JSE”) Listings Requirements and paragraphs 6.45
to 6.56 of the JSE Debt and Specialist Securities Listings Requirements, the following information is disclosed.

Shareholders and noteholders are referred to the announcements released on the Stock Exchange News Service
of the JSE on 27 November 2024 and 3 December 2024 relating to the disposal of a small subset of Mr
Swartzberg’s shareholding subject to collar arrangements (“the hedging transactions”).

Shareholders and noteholders are now advised of a late disclosure of a director’s dealing which occurred at the
time and which formed part of the hedging transactions, all of which were announced, save for the below, which
was an inadvertent oversight. The hedging transactions have since matured.

 Director                                           :    Mr Barry Swartzberg
 Office held                                        :    Executive Director: Discovery
 Nature of interest                                 :    Indirect beneficial
 Clearance obtained                                 :    Yes
 Date of transactions                               :    10 December 2024
 Class of securities                                :    Options over Discovery ordinary shares
 On market/off market                               :    Off market
 Nature of transactions                             :    Purchase and sale of European put and call options
                                                         with an average strike price of R 170.83 and R 257.41
                                                         per share, respectively
 Exercise dates                                     :    22 June 2026, 23 June 2026
 Number of options                                  :    415,000
 Notional value of transactions at maturity         :    R 70,892,893.75 (put option)
                                                         R 106,825,463.33 (call option)

Sandton
16 September 2026

Equity and Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited




                                                                                                                   Public

Date: 16/09/2026 03:24:00
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