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 6.42
to 6.53 of the JSE Debt 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.

Shareholders and noteholders are now advised that Mr Gore has entered into replacement hedging transactions,
as disclosed below. These hedging transactions are related to funding arrangements entered into in order to
follow various rights offers and subscriptions for Discovery shares over time.

 Director                                          :    Mr Adrian Gore
 Company                                           :    Discovery Limited
 Office held                                       :    Group Chief Executive
 Nature of interest                                :    Indirect beneficial
 Clearance obtained                                :    Yes
 Date of transaction                               :    31 October 2024
 Class of securities                               :    Options over Discovery ordinary shares
 On market/off market                              :    Off market

 Nature of transaction                             :    Purchase of European put options with an average
                                                        strike price of ZAR 172.38 per share
 Exercise dates                                    :    4 May 2028 to 27 June 2028
 Number of options                                 :    1,900,000
 Notional value of transaction in 2028             :    ZAR 327,522,000.00

 Nature of transaction                             :    Sale of European call options with an average strike
                                                        price of ZAR 283.07 per share
 Exercise dates                                    :    4 May 2028 to 27 June 2028
 Number of options                                 :    1,900,000
 Notional value of transaction in 2028             :    ZAR 537,833,000.00


Sandton
6 November 2024

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

Debt Sponsor
FirstRand Bank Limited

Date: 06-11-2024 02:18:00
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