Enhanced Investments - Financial Portal

Dealings in securities by a director

Published: 2024-11-20 18:22:20 ET

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 paragraphs 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements and paragraphs 6.45
to 6.56 of the JSE Debt and Specialist Securities Listings Requirements, the following information is disclosed.

Shareholders and noteholders are referred to the announcement released on the Stock Exchange News Service
of the JSE on 30 November 2023 which, in turn, referred to a prior announcement, dated 31 May 2019, regarding
hedging transactions entered into by Mr Adrian Gore over a portion of his shareholding in Discovery. These
hedging transactions were related to funding arrangements entered into in order to follow various rights offers
and subscriptions for Discovery shares over time.

The collar arrangement forming part of the hedging transactions, which included call options on the shares, has
now reached maturity. The current Discovery share price at the collar’s maturity is higher than the strike price
on the call options, leading to the sale of shares. Importantly, this sale pertains solely to a subset of Mr. Gore’s
shareholding subject to the collar arrangement, with no additional shares involved.

 Director                                            :     Mr Adrian Gore
 Company                                             :     Discovery Limited
 Office held                                         :     Group Chief Executive
 Nature of interest                                  :     Indirect beneficial
 Clearance obtained                                  :     Yes
 Class of securities                                 :     Ordinary shares
 On market/off market                                :     On market

Transaction 1
 Date of transaction                                 :     14 November 2024
 Nature of transaction                               :     Sale of securities
 Number of shares                                    :     262,267
 Selling price per share                             :     ZAR 190.26
 Total value of transaction                          :     ZAR 49,898,919.42

Transaction 2
 Date of transaction                                 :     19 November 2024
 Nature of transaction                               :     Sale of securities
 Number of shares                                    :     314,720
 Selling price per share                             :     ZAR 191.99
 Total value of transaction                          :     ZAR 60,423,092.80



Sandton
20 November 2024

Equity Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Debt Sponsor
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.