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 3.63 to 3.74 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 announcement released on the Stock Exchange News Service
of the JSE on 30 November 2023 which, in turn, referred to a prior announcement, dated 31 May 2019, regarding
hedging transactions entered into by Mr Adrian Gore over a portion of his shareholding in Discovery. These
hedging transactions were related to funding arrangements entered into in order to follow various rights offers
and subscriptions for Discovery shares over time.

The collar arrangement forming part of the hedging transactions, which included call options on the shares, has
now reached maturity. The current Discovery share price at the collar's maturity is higher than the strike price
on the call options, leading to the sale of shares. Importantly, this sale pertains solely to a subset of Mr. Gore's
shareholding subject to the collar arrangement, with no additional shares involved.

 Director                                            :     Mr Adrian Gore
 Company                                             :     Discovery Limited
 Office held                                         :     Group Chief Executive
 Nature of interest                                  :     Indirect beneficial
 Clearance obtained                                  :     Yes
 Class of securities                                 :     Ordinary shares
 On market/off market                                :     On market

Transaction 1
 Date of transaction                                 :     14 November 2024
 Nature of transaction                               :     Sale of securities
 Number of shares                                    :     262,267
 Selling price per share                             :     ZAR 190.26
 Total value of transaction                          :     ZAR 49,898,919.42

Transaction 2
 Date of transaction                                 :     19 November 2024
 Nature of transaction                               :     Sale of securities
 Number of shares                                    :     314,720
 Selling price per share                             :     ZAR 191.99
 Total value of transaction                          :     ZAR 60,423,092.80


Sandton
20 November 2024

Equity Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Debt Sponsor
FirstRand Bank Limited

Date: 20-11-2024 05:22:00
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