DISCOVERY LIMITED - Pledge and cession of shares by a director

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, the following information is disclosed.

Shareholders are advised that Mr. Gore has entered into a security arrangement over ordinary shares in
Discovery related to a funding arrangement.


 Director                                         : Adrian Gore
 Company                                          : Discovery Limited
 Office held                                      : Group Chief Executive

 Class of securities                              : Ordinary shares
 Nature of interest                               : Indirect beneficial
 On market / off market                           : Off market
 Clearance obtained                               : Yes

Transaction
 Nature of transaction                            : Pledge and cession in securitatem debiti of ordinary
                                                    shares as security for the financial obligation
                                                    described below
 Transaction effective date                       : 9 April 2020
 Number of shares pledged                         : 18,600,000
 Value of shares on transaction effective date    : R 1,689,810,000

Financial obligation
 Nature of financial obligation                   : Preference share funding
 Term                                             : 22 May 2024
 Preference share subscription price              : R 303,000,000

Sandton
17 April 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 17-04-2020 04:13:00
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