INVICTA HOLDINGS LIMITED - Results of the rights offer

Results of the rights offer

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

RESULTS OF THE RIGHTS OFFER (“Rights Offer”)

1. Introduction

1.1. Shareholders are referred to the finalisation announcement
     released on SENS on 20 January 2015 and the circular posted
     to shareholders on 27 January 2015 setting out the details
     of the Rights Offer in terms of which the Company offered
     32 608 696 new Invicta ordinary shares (“Rights Offer
     Shares”) to qualifying shareholders (“Shareholders”) at a
     subscription price of R69.00 per Rights Offer Share in the
     ratio of 44.00724 Rights Offer Shares for every 100 Invicta
     ordinary shares held by Shareholders on the Record Date,
     being Friday, 30 January 2015.
1.2. Shareholders are advised that the Rights Offer closed at
     12:00 on Friday, 13 February 2015.

2. Results of the Rights Offer

2.1. Applications for 32 608 696 Rights Offer Shares,
     constituting 100% of the Rights Offer Shares were received
     from Shareholders (or their renouncees).
2.2. Dematerialised Shareholders who have subscribed for Rights
     Offer Shares will have their accounts debited and updated
     by their CSDP/broker today and Certificated Shareholders
     who have subscribed for Rights Offer Shares will have share
     certificates posted to them today.
2.3. The Rights Offer did not include the right for Shareholders
     to apply for excess Rights Offer Shares.
2.4. Following the issue of the Rights Offer Shares, the
     Company’s total shares in issue have increased to 108 160
     089 Invicta ordinary shares.

By order of the Board

GM Chemaly
Company Secretary

Cape Town

16 February 2015
Corporate Advisor and Lead Transaction Sponsor: Bravura Capital
(Proprietary) Limited

Lead Independent Sponsor: Deloitte & Touche Sponsor Services
(Proprietary) Limited

Date: 16/02/2015 05:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.