Announcement • Feb 26
Discovery Limited to Report First Half, 2026 Results on Mar 03, 2026 Discovery Limited announced that they will report first half, 2026 results on Mar 03, 2026 Announcement • Oct 22
Discovery Limited, Annual General Meeting, Nov 20, 2025 Discovery Limited, Annual General Meeting, Nov 20, 2025. Location: auditorium 1, ground floor, 1 discovery place, sandton South Africa Announcement • Mar 04
Discovery Limited Declares Interim Gross Cash Dividend, Payable on 31 March 2025 Discovery Limited announced an interim gross cash dividend of 87.00000 cents per ordinary share was declared (69.60000 cents net of dividend withholding tax) out of income reserves. A dividend withholding tax of 20% will be applicable to all ordinary shareholders who are not exempt. Shares commence trading "ex" dividend is 26 March 2025. Record date is 28 March 2025. Payment date is 31 March 2025. Announcement • Feb 19
Discovery Limited to Report First Half, 2025 Results on Mar 04, 2025 Discovery Limited announced that they will report first half, 2025 results on Mar 04, 2025 Announcement • Oct 24
Discovery Limited, Annual General Meeting, Nov 21, 2024 Discovery Limited, Annual General Meeting, Nov 21, 2024. Location: auditorium 1, ground floor, 1 discovery place, sandton, South Africa Announcement • Sep 19
Discovery Limited Declares Final Cash Dividend, Payable on 21 October 2024 Discovery Limited advised that a final gross cash dividend of 152.00000 cents was declared (121.60000 cents net of dividend withholding tax) per ordinary share, out of income reserves. A dividend withholding tax of 20% will
be applicable to all shareholders who are not exempt. Last day of trade to receive a dividend is 15 October 2024. Shares commence trading "ex" dividend is 16 October 2024. Record date is 18 October 2024. Payment date is
21 October 2024. Announcement • Aug 29
Discovery Limited Declares an Interim Gross Cash Dividend for the Period 1 January 2024 to 30 June 2024, Payable on 23 September 2024 The directors of Discovery Limited, declared a final gross cash dividend of 585.89041 cents (468.71233 cents net of dividend withholding tax) per B preference share for the period 1 January 2024 to 30 June 2024, payable from the income reserves of the Company. A dividend withholding tax of 20% will be applicable to all shareholders who are not exempt. Shares commence trading "ex" dividend: 18 September 2024; Record date: 20 September 2024; Payment date: 23 September 2024. Announcement • Mar 20
Discovery Limited Declares an Interim Gross Cash Dividend, Payable on 22 April 2024 The directors of Discovery Limited declared an interim gross cash dividend of 65.00000 cents (52.00000 cents net of dividend withholding tax) per ordinary share, out of income reserves. A dividend withholding tax of 20% will be applicable to all shareholders who are not exempt. Payment date is 22 April 2024. Record date is 19 April 2024. Shares commence trading "ex" dividend is 17 April 2024. Announcement • Mar 19
Discovery Limited to Report First Half, 2024 Results on Mar 20, 2024 Discovery Limited announced that they will report first half, 2024 results on Mar 20, 2024 Announcement • Nov 18
Discovery Limited Announces Management Changes Discovery Limited announced that In terms of the JSE Limited Listings Requirements and Debt Listings Requirements, and following the announcement released on SENS on 18 October 2023 regarding the formal retirement of Dr Vincent Maphai and Mrs. Sindi Zilwa as non- executive Directors of the Company and subsequent retirement as members of the Committees on which they serve, shareholders and noteholders are advised that the following Committee compositions have been revised with effect from 17 November 2023: 1. Mr. Tito Mboweni has been appointed as a member of the Nominations Committee, 2. Ms Faith Khanyile has been nominated as the chairperson of the Social and Ethics Committee and 3. Ms Christine Ramon has been appointed as a member of the Treating Customers Fairly and Remuneration Committees, respectively. Announcement • Oct 19
Discovery Limited Announces Management Retirements, Effective 16 November 2023 Discovery Limited announced that Dr. Vincent Maphai and Mrs. Sindi Zilwa have indicated their intention to formally retire as non-executive Directors of the Company and as members of the Committees on which they serve to pursue other external opportunities. The resignation date is with effect from the conclusion of the Company's upcoming AGM on 16 November 2023. Dr Vincent Maphai has served as a non-executive Director of the Company since 2005 and has served on various Committees in a range of capacities over his tenure. He will also retire as a member of the Nominations Committee post the AGM. Mrs. Sindi Zilwa has served as a non-executive Director of the Company since 2003 and has served on various Committees in a range of capacities over the years. She will also retire as the Chairperson of the Social and Ethics and a member of the Risk and Compliance Committees post the AGM. The Committees on which the retiring non-executive Directors served will remain duly constituted post their retirement, and further announcements on compositions of the Committees will be made by the Company in due course. Announcement • Oct 13
Discovery Limited Appoints Nonkululeko Pitje as CEO of Discovery Corporate & Employee Benefits, Effective 1 January 2024 Discovery Limited announced that Nonkululeko Pitje appointed as CEO of Discovery Corporate & Employee Benefits In line with the Group's growth strategy and ambition, Discovery is formalising its existing functions of Group Risk, Umbrella Funds, HealthyCompany, and Strategic Client Solutions Hub into a new business unit Corporate & Employee Benefits business, led by Nonkululeko Pitje with effect from 1 January 2024. Ms Pitje joined Discovery in 2004 and is currently the Chief Growth Officer of Discovery Health, where she has been responsible for expanding the footprint and diversification of Discovery Health's revenue. She has been instrumental in driving the introduction and growth of value- adding solutions such as Flexicare, Healthy Company, Gap Cover, Trauma Cover and Prepaid Health. She is an Executive Director of Discovery Health, a member of the Discovery Health Executive Committee and the Discovery South Africa Executive Committee. She will also be appointed to the Discovery Limited Executive Committee. Announcement • Sep 22
Discovery Limited Declares Final Cash Dividend, Payable 16 October 2023 The directors of the Discovery Limited declared a final gross cash dividend of 110.00000 cents (88.00000 cents net of dividend withholding tax) per ordinary share, out of income reserves, for the reporting year ended 30 June 2023. A dividend withholding tax of 20% will be applicable to all shareholders who are not exempt. Last day to trade in order to receive a dividend, 10 October 2023 Shares commence trading "ex" dividend, 11 October 2023. Record date, 13 October 2023. Payment date, 16 October 2023. Reported Earnings • Sep 22
Full year 2023 earnings released: EPS: R7.85 (vs R8.25 in FY 2022) Full year 2023 results: EPS: R7.85 (down from R8.25 in FY 2022). Revenue: R87.5b (up 28% from FY 2022). Net income: R5.26b (down 3.0% from FY 2022). Profit margin: 6.0% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 8.0% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 19
Discovery Limited Announces Board Appointments Discovery Limited announce that Mses Lisa Chiume and Christine Ramon have been appointed as Independent Non- executive Directors of the Company with effect from 18 September 2023. Ms Chiume has worked at Deutsche Bank and Rand Merchant Investment Holdings Limited. Her career has spanned mergers and acquisitions and the identification, evaluation and portfolio management of investments spanning insurance, banking, asset management, property and early stage fintech. Ms Chiume has significant non-executive board and committee experience in audit, risk management, investments, remuneration and fair practices in the financial services sector. Ms Chiume holds a BComm Finance and Economics degree from the University of Witwatersrand. She is also a member of the CFA Institute. Ms Ramon is a seasoned financial executive with extensive global corporate experience. She has worked at Anglogold Ashanti, Sasol and Johnnic Holdings. Ms Ramon is currently a Non-executive Director of Vodafone Group Plc and Clicks Group and serves as a member of the Presidential State-owned Enterprises Council. She has served on multiple national and international boards developing good relationships with businesses in the financial, mining and energy sectors. Ms Ramon is a qualified Chartered Accountant and holds BCompt and BCompt Honours degrees from the University of South Africa. She also completed a Senior Executive Programme at Harvard Business School in conjunction with Wits Business School in 1999. Both Ms Chiume and Ms Ramon have received multiple achievement awards in their careers. Ms Chiume has been appointed as a member of the Group Audit Committee and the Group and South African Risk and Compliance Committee whilst Ms Ramon has been appointed as a member of the Group Audit Committee and the Social and Ethics Committee with effect from 18 September 2023. Both appointments are important to Discovery's continued global expansion. Ms Chiume will bring a wealth of financial services and investment experience and Ms Ramon will bring diverse leadership and board experience in multiple sectors. The Board wishes both Mses Chiume and Ramon well in their new roles. The Board confirms that both appointments were made pursuant to its Nominations of Directors Policy. Recent Insider Transactions • Jun 08
Founder recently sold €637k worth of stock On the 31st of May, Adrian Gore sold around 100k shares on-market at roughly €6.37 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Adrian has been a net seller over the last 12 months, reducing personal holdings by €3.4m. Announcement • Jun 02
Discovery Limited Announces Board Changes Discovery Limited advised that following the resignation of the Group Company Secretary, Ms Nomalanga Nobuhle Mbongo with effect from 31 March 2023, Ms. Ayanda Manqele, the current Deputy Group Company Secretary of Discovery, has been appointed as the Acting Group Company Secretary of Discovery with effect from 31 May 2023. Ms. Manqele will hold this position until 31 August 2023. Shareholders and noteholders are further advised that Ms. Ayanda Ceba has been appointed as Group Company Secretary of Discovery with effect from 1 September 2023. Ms Ceba is the current Group Company Secretary and Ethics Officer at Telkom Limited. She holds a BProc, LLB, LLM in Corporate Law and CIS (Corporate Governance Institute of Southern Africa). She is a qualified Chartered Company Secretary and a Fellow of the Corporate Governance Institute of Southern Africa. Announcement • May 28
Discovery Limited, Annual General Meeting, Nov 16, 2023 Discovery Limited, Annual General Meeting, Nov 16, 2023. Announcement • Feb 17
Discovery Limited to Report Q2, 2023 Results on Feb 23, 2023 Discovery Limited announced that they will report Q2, 2023 results on Feb 23, 2023 Announcement • Feb 03
Discovery Limited Announces Board Changes, Effective 1 March 2023 Discovery Limited announced that Mr. Hylton Kallner, Mr. Neville Koopowitz, Dr. Ayanda Ntsaluba and Mr. Alan Pollard - will be stepping down as members of the Board of Discovery, effective 1 March 2023. The focus of these executives will be in their respective business composites and their associated Boards and structures. These key executives have played a pivotal role in the founding and growth of the Group and will continue to play a central role in the formulation and execution of the Group's strategy via the Group Executive Committee. Furthermore, Mr. Hylton Kallner, in additionto his primary role as the Chief Executive Officer of Discovery Bank Limited, will resume his role as Chief Executive Officer of the Discovery business composite in South Africa, with effect from 1 March 2023. Mr. Kallner already serves as the Chair of the South African Executive Committee. Announcement • Jan 26
Discovery Limited Announces Resignation of Nomalanga Nobuhle Mbongo as Company Secretary Discovery Limited advised shareholders and noteholders of the resignation of the Group Company Secretary, Ms. Nomalanga Nobuhle Mbongo with effect from 31 March 2023. Ms Mbongo will be pursuing another opportunity outside the Group. The board will commence the process of appointing a suitable replacement for Ms Mbongo and shareholders and noteholders will be advised of the appointment of a new Company Secretary in due course. Reported Earnings • Sep 07
Full year 2022 earnings released: EPS: R8.26 (vs R4.81 in FY 2021) Full year 2022 results: EPS: R8.26 (up from R4.81 in FY 2021). Revenue: R68.2b (down 13% from FY 2021). Net income: R5.42b (up 72% from FY 2021). Profit margin: 7.9% (up from 4.0% in FY 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 5.4% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €8.35, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Insurance industry in Germany. Total returns to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.49 per share. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 15% share price gain to €10.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.41 per share. Reported Earnings • Feb 27
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: R4.99 (up from R2.80 in 1H 2021). Revenue: R43.1b (up 15% from 1H 2021). Net income: R3.28b (up 78% from 1H 2021). Profit margin: 7.6% (up from 4.9% in 1H 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 34% compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Executive Departure • Nov 29
Independent Non-Executive Director Brian Brink has left the company On the 24th of November, Brian Brink's tenure as Independent Non-Executive Director ended after 17.8 years in the role. We don't have any record of a personal shareholding under Brian's name. Brian is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.50 years. Reported Earnings • Sep 03
Full year 2021 earnings released: EPS R4.81 (vs R0.15 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R77.7b (up 20% from FY 2020). Net income: R3.22b (up R3.12b from FY 2020). Profit margin: 4.1% (up from 0.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Director Overboarding • Aug 28
Director Sindiswa Zilwa has joined 5th company board Sindiswa Zilwa has been appointed to the board of Massmart Holdings Limited (JSE:MSM). Zilwa now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 28
Director Sindiswa Zilwa has joined 5th company board Sindiswa Zilwa has been appointed to the board of Massmart Holdings Limited (JSE:MSM). Zilwa now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 28
Director Sindiswa Zilwa has joined 5th company board Sindiswa Zilwa has been appointed to the board of Massmart Holdings Limited (JSE:MSM). Zilwa now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 28
Director Sindiswa Zilwa has joined 5th company board Sindiswa Zilwa has been appointed to the board of Massmart Holdings Limited (JSE:MSM). Zilwa now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 28
Director Sindiswa Zilwa has joined 5th company board Sindiswa Zilwa has been appointed to the board of Massmart Holdings Limited (JSE:MSM). Zilwa now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Recent Insider Transactions • Mar 25
Independent Non-Executive Director recently sold €17k worth of stock On the 17th of March, Sindiswa Zilwa sold around 2k shares on-market at roughly €7.91 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.4m. Insiders have been net sellers, collectively disposing of €27m more than they bought in the last 12 months. Recent Insider Transactions • Mar 17
Founder recently sold €2.4m worth of stock On the 11th of March, Adrian Gore sold around 300k shares on-market at roughly €8.07 per share. This was the largest sale by an insider in the last 3 months. Adrian has been a seller over the last 12 months, reducing personal holdings by €5.9m. Reported Earnings • Mar 02
First half 2021 earnings released: EPS R2.80 (vs R3.10 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: R37.4b (up 19% from 1H 2020). Net income: R1.84b (down 9.6% from 1H 2020). Profit margin: 4.9% (down from 6.5% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 29
New 90-day high: €8.55 The company is up 35% from its price of €6.32 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.80 per share. Is New 90 Day High Low • Dec 11
New 90-day high: €7.03 The company is up 6.0% from its price of €6.60 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.47 per share. Recent Insider Transactions • Nov 26
Founder recently sold €2.8m worth of stock On the 20th of November, Adrian Gore sold around 394k shares on-market at roughly €7.06 per share. In the last 3 months, there was an even bigger sale from another insider worth €20m. Adrian has been a seller over the last 12 months, reducing personal holdings by €3.5m. Recent Insider Transactions • Nov 13
Founder recently sold €734k worth of stock On the 9th of November, Adrian Gore sold around 106k shares on-market at roughly €6.91 per share. In the last 3 months, there was an even bigger sale from another insider worth €20m. This was Adrian's only on-market trade for the last 12 months. Is New 90 Day High Low • Nov 12
New 90-day high: €6.88 The company is up 24% from its price of €5.55 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.65 per share. Reported Earnings • Sep 18
Full year earnings released - EPS €0.15 Over the last 12 months the company has reported total profits of R97.0m, down 99% from the prior year. Total revenue was R64.6b over the last 12 months, up 9.7% from the prior year. Profit margins were 0.2%, which is lower than the 11% margin from last year. The decrease in margin was driven by higher expenses.