DSY Disclosure of significant holding of Discovery ordinary shares DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) Legal Entity Identifier: 378900245A26169C8132 Share code: DSY ISIN: ZAE000022331 ("Discovery" or "the Company") DISCLOSURE OF SIGNIFICANT HOLDING OF DISCOVERY ORDINARY SHARES In accordance with paragraph 122(3)(b) of the Companies Act, No. 71 of 2008 as amended ("the Companies Act"), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that Comgest Global Investors, S.A.S. has notified the Company that accounts under its management have increased its holding in the Company such that Comgest Global Investors, S.A.S., through its subsidiaries, now holds 5.01% of the issued ordinary shares in the Company. As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice with the Takeover Regulation Panel. The board of directors of Discovery accepts responsibility for the information contained in this announcement as it relates to the Company and confirms that, to the best of its knowledge and belief, such information relating to Discovery is true and that this announcement does not omit anything likely to affect the importance of such information. Sandton 2 February 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02-02-2021 10:51:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.