Discovery : Pledge and cession of shares 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, DSYBP

DSY ISIN: ZAE000022331

DSBP ISIN: ZAE000158564

JSE bond code: DSYI ("Discovery")

PLEDGE AND CESSION OF SHARES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements and Debt Listings Requirements, the following information is disclosed.

Shareholders and noteholders are advised that Mr. Swartzberg has entered into a security arrangement over ordinary shares in Discovery related to an existing funding arrangement.

Director	:	Barry Swartzberg
Company	:	Discovery Limited
Office held	: Chief Executive: Vitality Group International Incorporated
Nature of interest	:	Indirect beneficial
Clearance obtained	:	Yes
Date of transaction	:	31 May 2022
On market / off market	:	Off market
Transaction
Nature of transaction	: Pledge and cession in securitatem debiti of ordinary
		shares as security for the financial obligation described
		below
Transaction effective date	:	31 May 2022
Number of shares pledged	:	5,500,000
Value of shares pledged on transaction	:	R796,895,000
effective date
Financial Obligation
Nature of financial obligation	:	Preference share funding
Terms	: 20 December 2022 and 01 December 2025
Preference share facility	:	R187,000,000

Sandton

6 June2022

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)