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")


Directors dealing 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 a director:

        Name of director:                   C Barnard (Executive director)
        Date of transaction:                16 March 2016
        Nature of transaction:              Zero Cost Collar
        Spot price:                         R52.37
        Put strike price:                   R47.13
        Call Strike price:                  R75.25
        Number of securities:               50 000 ordinary shares
        Expiry date:                        16 March 2018
        Nature of interest:                 Direct beneficial
        Trade:                              Off market

        Name of director:                   C Barnard (Executive director)
        Date of transaction:                16 March 2016
        Nature of transaction:              Zero Cost Collar
        Spot price:                         R52.37
        Put strike price:                   R47.13
        Call Strike price:                  R88.34
        Number of securities:               50 000 ordinary shares
        Expiry date:                        16 March 2019
        Nature of interest:                 Direct beneficial
        Trade:                              Off market


        Chairman’s approval for trades:     Yes


Cape Town
16 March 2016

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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