IVT - Invicta Holdings Limited - Take-Up of the loan balance and further shares

IVT - Invicta Holdings Limited - Take-Up of the loan balance and further shares 
by executive director                                                           
Invicta Holdings Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1966/002182/06                                             
Share code: IVT ISIN code: ZAE000029773                                         
("Invicta" or "the Company" or "the Group")                                     
TAKE-UP OF THE LOAN BALANCE AND FURTHER SHARES BY EXECUTIVE DIRECTOR            
Shareholders are referred to a terms announcement released on SENS on 5 July    
2011 and in the press on 6 July 2011 ("terms announcement"), where they were    
advised that Invicta and Humulani Marketing (Proprietary) Limited ("Humulani    
Marketing") have established a long term loan scheme for Invicta executive      
directors ("executives"), in terms of which Humulani Marketing have signed loan 
agreements with the executives on 30 June 2011, of which a portion of the loans 
were taken up by the executives to acquire shares in Invicta.  The balance of   
the loans have to be taken up within 90 days of 30 June 2011, through a specific
issue of Invicta shares for cash using treasury shares or the participant       
acquiring Invicta shares on the open market.                                    
As advised in the terms announcement, Humulani Marketing and Mr CE Walters      
entered into a loan agreement on 30 June 2011 in terms of which Humulani        
Marketing has granted Mr. CE Walters a loan of R25,800,000 ("loan"). The loan   
taken up by Mr. CE Walters on 30 June 2011 was only R15,000,000. Shareholders   
are advised that Mr. CE Walters has taken up the balance of the loan amounting  
to R10,800,000 on 22 July 2011.                                                 
As a result of the above, Mr CE Walters has been issued with a further 247,934  
Invicta shares, held as treasury shares, on 22 July 2011 at R43.56, which is    
equal to the volume weighted average price per share for the 30 trading days up 
to 21 July 2011.                                                                
The pro forma financial effects of this issue and the loan on the financial     
results of Invicta for the year ended 31 March 2011 are not significant.        
The granting of the loan and the specific authority to issue shares are still   
subject to approval by Invicta shareholders in general meeting, details of which
are set out in a circular posted to shareholders on 1 August 2011.              
Cape Town                                                                       
2 August 2011                                                                   
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Proprietary) Limited                        
Attorneys                                                                       
Bernadt Vukic Potash & Getz                                                     
Date: 02/08/2011 17:48:00 Supplied by www.sharenet.co.za                     
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