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 code: DSYI
(“Discovery”)

REPORT OF PROCEEDINGS AT THE ANNUAL GENERAL MEETING

The Board of Directors of Discovery hereby advises that, at the Annual General Meeting (“AGM” or the “meeting”) of shareholders held on Thursday, 16 November
2023, the resolutions as set out in the Notice of AGM and Form of Proxy, distributed to shareholders on 18 October 2023 with the 2023 Integrated Annual Report,
were duly approved by the requisite majority of votes.

Shareholders are advised that:

‒   Total number of shares in issue as at the date of the AGM: 673, 146, 417 shares.
‒   Total number of shares that were present in person/represented by proxy at the AGM: 518, 793, 617 shares being 77% of the total number of shares in issue.

Details of the voting statistics from the AGM are as follows:




                                                                        Votes cast disclosed as a                     Shares voted            Shares abstained
                                                                         percentage in relation                       disclosed as a          disclosed as a
                                                                         to the total number of                       percentage in           percentage in
                                                                           shares voted at the      Number of         relation to the total   relation to the total
 Resolutions                                                                     meeting            shares voted      issued share capital    issued share capital
 Ordinary resolutions                                                   For          Against
Ordinary Resolution Number 1.1: Re-Appointment of KPMG as joint        99.97%    0.03%   518, 178, 862   76.98%   0.09%
external independent auditors
Ordinary Resolution Number 1.2: Re-Appointment of Deloitte as joint    99.38%    0.62%   518, 178, 862   76.98%   0.09%
external independent auditors

Ordinary Resolution Number 2.1: Election of Directors- Ms Lisa         100.00%   0.00%   518, 178, 862   76.98%   0.09%
Chiume
Ordinary Resolution Number 2.2. Election of Directors – Ms Christine   100.00%   0.00%   518, 178, 862   76.98%   0.09%
Ramon
Ordinary Resolution Number 2.3: Re-election of Directors – Mr Mark     99.77%    0.23%   518, 178, 862   76.98%   0.09%
Tucker
Ordinary Resolution Number 2.4: Re-election of Directors – Mr David    99.86%    0.14%   518, 178, 862   76.98%   0.09%
Macready
Ordinary Resolution Number 3.1: Election of members of the Audit       99.86%    0.14%   518, 178, 862   76.98%   0.09%
Committee - Mr David Macready as a member and Chairperson
Ordinary resolution Number 3.2: Election of members of the Audit       99.86%    0.14%   518, 178, 862   76.98%   0.09%
Committee - Ms Marquerithe Schreuder
Ordinary resolution Number 3.3: Election of members of the Audit       99.05%    0.95%   518, 178, 862   76.98%   0.09%
Committee – Ms Monhla Hlahla
Ordinary resolution Number 3.4: Election of members of the Audit       100.00%   0.00%   518, 178, 862   76.98%   0.09%
Committee – Ms Lisa Chiume
Ordinary resolution Number 3.5: Election of members of the Audit       100.00%   0.00%   518, 178, 862   76.98%   0.09%
Committee – Ms Christine Ramon
Ordinary resolution Number 4.1: General authority to directors to      97.03%    2.97%   518, 179, 112   76.98%   0.09%
allot and issue A Preference Shares
Ordinary Resolution Number 4.2: General authority to directors to      97.03%    2.97%   518, 179, 112   76.98%   0.09%
allot and issue B Preference Shares
Ordinary Resolution Number 4.3: General authority to directors to      97.03%    2.97%   518, 179, 112   76.98%   0.09%
allot and issue C Preference Shares
 Ordinary Resolution Number 5: Director’s authority to implement        100.00%   0.00%    518, 179, 112   76.98%   0.09%
 special and ordinary resolutions
 Advisory endorsement of the remuneration policy and implementation report
 Non-binding advisory vote 1.1: Endorsement of the remuneration         88.87%    11.13%   518, 177, 827   76.98%   0.09%
 policy
 Non-binding advisory vote 1.2: The implementation of the               89.89%    10.11%   518, 079, 484   76.96%   0.11%
 remuneration policy
 Special resolutions
 Special Resolution Number 1: Approval of Non-executive Directors’      76.77%    23.23%   518, 080, 769   76.96%   0.11%
 remuneration – 2023/2024
 Special Resolution Number 2: General authority to repurchase shares    99.65%    0.35%    517, 414 ,022   76.87%   0.20%
 in terms of JSE Listings Requirements
 Special Resolution Number 3: Authority to provide financial assistance 99.60%    0.40%    518, 179, 112   76.98%   0.09%
 in terms of section 44 and section 45 of the Companies Act 71 of
 2008.

Sandton
17 November 2023

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