INVICTA HOLDINGS LIMITED - Acquisition of Man-Dirk Proprietary Limited

Acquisition of Man-Dirk 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 MAN-DIRK PROPRIETARY LIMITED ("Mandirk")

Invicta is pleased to announce that it has concluded an agreement with the current shareholders of
Mandirk for the acquisition of 100% of the issued shares of Mandirk effective 1 August 2012 ("the
transaction" or "the acquisition"). Mandirk is a leading supplier of maintenance, repair and
operating (MRO) tools and equipment to the mining, industrial and power generation sectors of
South Africa and neighbouring countries. Mandirk operates eighteen branches in South Africa of
which eight are on-site stores. In addition Mandirk has subsidiary companies operating three outlets
in Mozambique. The acquisition expands the existing engineering consumables operations
("BMG")of Invicta. Invicta intends to keep Mandirk’s operations and its existing distribution network
independent of the rest of BMG but will distribute certain of Mandirk’s product lines through BMG’s
extensive distribution network. Invicta's group buying power will be leveraged 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
23 October 2012
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1996/000034/07)

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