Enhanced Investments - Financial Portal

Dealings in securities by a director

Published: 2024-05-30 08:05:55 ET [no company card]

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 company code: DSYI
(“Discovery”)

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited (“JSE”) Listings and paragraphs 6.42 to 6.53 of the JSE
Debt Listings Requirements, the following information is disclosed.

Shareholders and noteholders are referred to the announcements released on the Stock Exchange News Service on 17
May 2024 and 23 March 2020 which, in turn, referred to prior announcements, dated 2 December 2019, 21 October
2016 and 4 November 2013, with regards to Mr Gore’s hedging transactions entered into over a portion of his
shareholding in Discovery.

Shareholders and noteholders are now advised that Mr Gore has replaced the expiring hedging transaction. These
hedging transactions are related to funding arrangements entered into in order to follow various rights offers and
subscriptions for Discovery shares over time.

In addition, shareholders and noteholders are advised that Mr Gore has sold Discovery shares.


 Director                                                 :    Mr Adrian Gore
 Company                                                  :    Discovery Limited
 Office held                                              :    Group Chief Executive
 Nature of interest                                       :    Indirect beneficial
 Clearance obtained                                       :    Yes

 Date of transactions                                     :    22 May 2024
 Class of securities                                      :    Options over Discovery ordinary shares
 On market / off market                                   :    Off market

Transaction 1
 Nature of transaction                                    : Purchase of European put options with an average strike
                                                            price of R 94.15 per share
 Exercise Dates                                           : 20 May 2025 to 9 June 2025
 Number of options                                        : 1,873,770
 Notional value of transaction at Exercise Dates          : R 176,415,445.50

Transaction 2
 Nature of transaction                                    : Sale of European call options with an average strike
                                                            price of R 151.40 per share
 Exercise Dates                                           : 20 May 2025 to 9 June 2025
 Number of options                                        : 1,873,770
 Notional value of transaction at Exercise Dates          : R 283,688,778.00

Transaction 3
Date of transaction                                       :    28 May 2024
Class of securities                                       :    Ordinary shares
On market / off market                                     :   On market
Nature of transaction                                     :    Sale of securities
Number of shares                                          :    250,000
Selling price per share                                   :    R 117.6819
Total value of transaction                                :    R 29,420,475.00
Sandton
28 May 2024

Sponsor and Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.