INVICTA HOLDINGS LIMITED - Cautionary announcement

Cautionary announcement

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
(“the Company”)


Cautionary announcement

Shareholders are advised that the Company is in the process of evaluating and undertaking a
number of strategic and operational initiatives. These include reviewing its capital allocation which
may involve, amongst others, the disposal of non-core assets, specific inventory reduction
programs, various debt realignment processes as well as a possible equity capital raise, all of
which will be subject to further consideration and relevant market conditions. The outcome of
these may have a material effect on the price of the Company’s securities. Accordingly,
shareholders are advised to exercise caution when dealing in the Company’s securities until a full
announcement is made.

Johannesburg
4 February 2020

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 04-02-2020 08:45:00
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