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 the JSE Limited ("JSE") Listings Requirements and the JSE Debt and Specialist Securities
Listings Requirements, the following information is disclosed.

Shareholders and noteholders are advised that Mr Barry Swartzberg has entered into a hedging arrangement,
established to fund participation in various rights offers and subscriptions for Discovery ordinary shares over
time.

Unlike previous hedging arrangements, which included both put and call options, this arrangement comprises
solely the purchase of put options on Discovery shares and does not include the sale of any call options, and
accordingly provides downside protection over the relevant shares while preserving full upside participation in
the Discovery share price, consistent with his continued confidence in the long-term prospects of Discovery, in
which he remains a substantial long-term shareholder.



Director:                                                Mr Barry Swartzberg
Company:                                                 Discovery Limited
Office held:                                             Executive Director
Nature of interest:                                      Indirect beneficial
Clearance obtained:                                      Yes

Date of transaction:                                     25 June 2026
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 R171.23 per share
Exercise dates:                                          From 23 June 2031 to 25 June 2031
Number of options:                                       540,000
Notional value of transaction in 2031:                   R92,464,200.00


30 June 2026
Sandton

Equity and Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited



Date: 30-06-2026 05:00:00
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