Discovery Preference Shares

On 15 August 2011, Discovery issued 8,000,000 non-cumulative, non-participating, non-convertible, voluntarily redeemable, no par value B Preference Shares at an issue price of R100 per share by way of private placement. The B preference shares were listed on the JSE Securities Exchange South Africa under the abbreviated short name “DSY B PREF” with alpha code “DSBP” in the “Specialist Securities”-Preference Share sector of the market.

Salient terms of the Discovery Perpetual Preference Share issue

 Salient terms of Discovery Perpetual Preference Share issue (142 kb)

Note: Investors are advised to refer to the Circular attached below for the full terms of the Perpetual Preference Shares as the above is a summary.

Circular to Discovery shareholders

 Discovery Circular 2011 (798 kb)

A historical view of preference dividends per share for the year ended 30 June: