IVT - Invicta Holdings Limited - Announcement regarding the acquisition

IVT - Invicta Holdings Limited - Announcement regarding the acquisition         
of equipment Spare Parts (Africa) Proprietary Limited                           
Invicta Holdings Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1966/002182/06)                                            
Share code: IVT ISIN code: ZAE000029773                                         
("Invicta")                                                                     
ANNOUNCEMENT REGARDING THE ACQUISITION OF EQUIPMENT SPARE PARTS (AFRICA)        
PROPRIETARY LIMITED ("ESP")                                                     
Invicta is pleased to announce that it has concluded an agreement with          
the current shareholders of ESP for the acquisition of 100% of the issued       
shares of ESP effective 1 January 2012, subject to the approval of the          
Competition Commission ("the transaction" or "the acquisition"). ESP            
specialises in the procurement and distribution of high quality                 
aftermarket replacement parts, including ground engaging tools and              
undercarriage parts for earthmoving equipment and diesel engines. The           
acquisition expands the existing capital equipment operations ("CEG") of        
Invicta. Invicta intends to keep ESP`s operations and its distribution          
network independent of the rest of CEG but to leverage off Invicta`s            
group buying power and cost saving benefits where appropriate.                  
The transaction falls below the threshold of the categorisation of              
transactions which require disclosure in terms of the JSE Limited`s             
Listings Requirements.  Nevertheless, due to the operational benefits and       
future positive impact of this acquisition, the directors of Invicta            
deemed it appropriate to inform shareholders of the transaction.                
Cape Town                                                                       
15 November 2011                                                                
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/000034/07)                                            
Date: 15/11/2011 12:53:18 Supplied by www.sharenet.co.za                     
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