Directors dealings in preference shares Invicta Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1966/002182/06) Share code: IVTP ISIN code: 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 subscription for Invicta preference shares by the following directors: Name of director: CH Wiese (Non-executive director) Date of transaction: 28 November 2012 Nature of transaction: Subscription Price per share: R 100-00 Number of shares: 800,000 Invicta preference shares Value of transaction: R80,000,000-00 Class of security: Preference shares Nature of interest: Indirect beneficial Trade: Off-market Name of director: JD Wiese (Non-executive director) Date of transaction: 28 November 2012 Nature of transaction: Subscription Price per share: R 100-00 Number of shares: 200,000 Invicta preference shares Value of transaction: R20,000,000-00 Class of security: Preference shares Nature of interest: Indirect beneficial Trade: Off-market Name of director: LR Sherrell (Non-executive director) Date of transaction: 28 November 2012 Nature of transaction: Purchase Price per share: R 100-00 Number of shares: 160,000 Invicta preference shares Value of transaction: R16,000,000-00 Class of security: Preference shares Nature of interest: Indirect beneficial Trade: Off-market Name of director: A Goldstone (Executive director) Date of transaction: 28 November 2012 Nature of transaction: Subscription Price per share: R 100-00 Number of shares: 200,000 Invicta preference shares Value of transaction: R20,000,000-00 Class of security: Preference shares Nature of interest: Direct beneficial Trade: Off-market Name of director: A Goldstone (Executive director) Date of transaction: 28 November 2012 Nature of transaction: Subscription Price per share: R 100-00 Number of shares: 105,000 Invicta preference shares Value of transaction: R10,500,000-00 Class of security: Preference shares Nature of interest: Indirect beneficial Trade: Off-market Name of director: AM Sinclair (Executive director) Date of transaction: 28 November 2012 Nature of transaction: Subscription Price per share: R 100-00 Number of shares: 10,000 Invicta preference shares Value of transaction: R1,000,000-00 Class of security: Preference shares Nature of interest: Direct beneficial Trade: Off-market Name of director: C Barnard (Executive director) Date of transaction: 28 November 2012 Nature of transaction: Subscription Price per share: R 100-00 Number of shares: 10,000 Invicta preference shares Value of transaction: R1,000,000-00 Class of security: Preference shares Nature of interest: Indirect beneficial Trade: Off-market Name of director: J Mthimunye (Non-executive director) Date of transaction: 28 November 2012 Nature of transaction: Subscription Price per share: R 100-00 Number of shares: 15,000 Invicta preference shares Value of transaction: R1,500,000-00 Class of security: Preference shares Nature of interest: Indirect beneficial Trade: Off-market Board approval for subscription: Yes Cape Town 28 November 2012 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Date: 28/11/2012 05:01:00 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.