INVICTA HOLDINGS LIMITED - Dealings in Securities by Directors

Dealings in Securities by Directors

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")

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed
in respect of awards in terms of the Invicta Long Term Bonus and Share Incentive Scheme 2006 ("LBSIR"):

  Name of director:                        SB Joffe
  Company:                                 Invicta Holdings Limited
  Nature of transaction:                   Grant and acceptance of LBSIRs (off market). The participant will be paid for
                                           each LBSIR granted by the growth in value of the LBSIR as calculated from
                                           the grant date and grant price until the exercise date. The LBSIR payment
                                           will be settled in Invicta ordinary shares
  Number of LBSIRs:                        771 148
  Class of securities:                     LBSIRs in respect of ordinary shares
  Grant date:                              16 February 2024
  Acceptance date:                         21 February 2024
  Grant price per LBSIR:                   R26.64
  Value per LBSIR:                         R7.41
  Value of transaction:                    R5 711 060.40
  Vesting period:                          LBSIRs will vest after 3 years, subject to performance conditions
  Nature of interest:                      Direct beneficial
  Clearance obtained:                      Yes

  Name of director:                        N Rajmohamed
  Company:                                 Invicta Holdings Limited
  Nature of transaction:                   Grant and acceptance of LBSIRs (off market). The participant will be paid for
                                           each LBSIR granted by the growth in value of the LBSIR as calculated from
                                           the grant date and grant price until the exercise date. The LBSIR payment
                                           will be settled in Invicta ordinary shares
  Number of LBSIRs:                        245 858
  Class of securities:                     LBSIRs in respect of ordinary shares
  Grant date:                              16 February 2024
  Acceptance date:                         20 February 2024
  Grant price per LBSIR:                   R26.64
  Value per LBSIR:                         R7.41
  Value of transaction:                    R1 820 804.68
  Vesting period:                          LBSIRs will vest after 3 years, with 85% thereof being subject to the
                                           satisfaction of performance conditions
  Nature of interest:                      Direct beneficial
  Clearance obtained:                      Yes

  Name of director:                        C Barnard
  Company:                                 Invicta Holdings Limited
  Nature of transaction:                   Grant and acceptance of LBSIRs (off market). The participant will be paid for
                                           each LBSIR granted by the growth in value of the LBSIR as calculated from
                                           the grant date and grant price until the exercise date. The LBSIR payment
                                           will be settled in Invicta ordinary shares
  Number of LBSIRs:                        266 976
  Class of securities:                     LBSIRs in respect of ordinary shares
  Grant date:                              16 February 2024
  Acceptance date:                         20 February 2024
  Grant price per LBSIR:                   R26.64
  Value per LBSIR:                         R7.41
  Value of transaction:                    R1 977 202.90
  Vesting period:                          LBSIRs will vest after 3 years, with 85% thereof being subject to the
                                           satisfaction of performance conditions
  Nature of interest:                      Direct beneficial
  Clearance obtained:                      Yes

Johannesburg
21 February 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 21-02-2024 02:02:00
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