BRIEF-S.Africa's Discovery says refinancing BEE deal

JOHANNESBURG Fri Dec 6, 2013 2:37am EST

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JOHANNESBURG Dec 6 (Reuters) - Discovery Ltd : * Says refinancing of bee transaction by a bee partner * Says wdb has decided to refinance its shareholding in Discovery * The repurchase by Discovery of 12 440 910 Discovery shares held by wdb at a

price of R0.001 per Discovery share * The issue to wdb by Discovery of 12 440 910 new Discovery shares at a price

of R82.75 per Discovery share * As part of refinancing, Discovery and wdb have amended wdb agreement in order

to regulate the terms and conditions

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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