DSY 201704210016A Dealing in securities by a director DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) JSE share code: DSY ISIN: ZAE000022331 (“Discovery”) DEALING IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed. Director : Sonja De Bruyn Sebotsa Company : Discovery Limited Nature of transaction : On market entering into zero-cost collar options Class of securities : Options over Discovery ordinary shares Date of transaction : 13 April 2017 Number of securities : 64,000 Nature of interest : Direct beneficial Clearance obtained : Yes Number of Expiry Duration Reference Put Strike Put Call Strike Call Options price (%)* Value (%)* Value 64,000 12-Apr-19 24 months 130.80 75 98.10 150 196.20 *Percentage of spot reference price Johannesburg 21 April 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21/04/2017 10:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.