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Pledge and cession of shares by a director

Published: 2022-06-06 15:30:00 ET
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Discovery Limited (JSE:DSY) News - 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 and Debt Listings Requirements, the following
information is disclosed.

Shareholders and noteholders are advised that Mr. Swartzberg has entered into a security arrangement over
ordinary shares in Discovery related to an existing funding arrangement.

 Director                                   :    Barry Swartzberg
 Company                                    :    Discovery Limited
 Office held                                :    Chief Executive: Vitality Group International Incorporated
 Nature of interest                         :    Indirect beneficial
 Clearance obtained                         :    Yes
 Date of transaction                        :    31 May 2022
 On market / off market                     :    Off market

 Transaction
 Nature of transaction                      :    Pledge and cession in securitatem debiti of ordinary
                                                 shares as security for the financial obligation described
                                                 below
 Transaction effective date                 :    31 May 2022
 Number of shares pledged                   :    5,500,000
 Value of shares pledged on transaction     :    R796,895,000
 effective date

 Financial Obligation
 Nature of financial obligation             :    Preference share funding
 Terms                                      :    20 December 2022 and 01 December 2025
 Preference share facility                  :    R187,000,000

Sandton
6 June2022

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

Date: 06-06-2022 05:30:00
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