INVICTA HOLDINGS LIMITED - Directors dealing in securities

Directors dealing in securities

                                           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
                                         ("Invicta" or “the Company”)


                                    Directors Dealings in Securities

In compliance with rule of 3.63 to 3.74 of the JSE Listings Requirements, the following should be noted in
respect of the following transactions by directors:

        Name of director:                   AM Sinclair (Executive director)

        Date of transaction:                12 February 2015
        Nature of transaction:              Purchase in terms of share appreciation plan
        Price per share:                    R80.14
        Number of shares:                   26 468 Invicta shares
        Value of transaction:               R2 121 145.52
        Class of security:                  Ordinary shares
        Nature of interest:                 Direct beneficial
        Trade:                              Off-market

        Date of transaction:                12 February 2015
        Nature of transaction:              Purchase in terms of share appreciation plan
        Price per share:                    R80.14
        Number of shares:                   20 566 Invicta shares
        Value of transaction:               R1 648 159.24
        Class of security:                  Ordinary shares
        Nature of interest:                 Direct beneficial
        Trade:                              Off-market

        Name of director:                   A Goldstone (Executive director)

        Date of transaction:                13 February 2015
        Nature of transaction:              Purchase in terms of share appreciation plan
        Price per share:                    R80.22
        Number of shares:                   30 549 Invicta shares
        Value of transaction:               R2 450 640.78
        Class of security:                  Ordinary shares
        Nature of interest:                 Indirect beneficial
        Trade:                              Off-market

        Date of transaction:                13 February 2015
        Nature of transaction:              Purchase in terms of share appreciation plan
        Price per share:                    R80.22
        Number of shares:                   23 746 Invicta shares
        Value of transaction:               R1 904 904.12
        Class of security:                  Ordinary shares
        Nature of interest:                 Indirect beneficial
        Trade:                              Off-market
      Name of director:                C Barnard (Executive director)

      Date of transaction:             13 February 2015
      Nature of transaction:           Purchase in terms of share appreciation plan
      Price per share:                 R80.22
      Number of shares:                25 457 Invicta shares
      Value of transaction:            R2 042 160.54
      Class of security:               Ordinary shares
      Nature of interest:              Direct beneficial
      Trade:                           Off-market

      Date of transaction:             13 February 2015
      Nature of transaction:           Purchase in terms of share appreciation plan
      Price per share:                 R80.22
      Number of shares:                20 580 Invicta shares
      Value of transaction:            R1 650 927.60
      Class of security:               Ordinary shares
      Nature of interest:              Direct beneficial
      Trade:                           Off-market

      Name of director:                CE Walters (Executive director)

      Date of transaction:             16 February 2015
      Nature of transaction:           Purchase in terms of share appreciation plan
      Price per share:                 R80.36
      Number of shares:                26 490 Invicta shares
      Value of transaction:            R2 128 736.40
      Class of security:               Ordinary shares
      Nature of interest:              Direct beneficial
      Trade:                           Off-market

      Date of transaction:             16 February 2015
      Nature of transaction:           Purchase in terms of share appreciation plan
      Price per share:                 R80.36
      Number of shares:                20 604 Invicta shares
      Value of transaction:            R1 655 737.44
      Class of security:               Ordinary shares
      Nature of interest:              Direct beneficial
      Trade:                           Off-market

      Name of director:                Lance Sherrell (Non-executive director)

      Date of transaction:             16 February 2015
      Nature of transaction:           Off market LONG Contracts for Difference (“CFD”)
      Price per share:                 R69.00
      Number of shares:                1 000 000 CFD contracts representing a total of 1 000 000
                                       Invicta shares
      Value of transaction:            R69 000 000.00
      Class of security                Ordinary shares
      Nature of interest:              Indirect beneficial
      Trade:                           Off-market

      Board approval for trades: Yes


Cape Town
17 February 2015

Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited

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