Directors dealing in securities Invicta Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1966/002182/06) Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773 Preference Share code: IVTP Preference Share ISIN: 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 purchase of Invicta ordinary shares by the following directors: Name of director: CE Walters (Executive director) Date of transaction: 4 February 2014 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R120.61 Number of shares: 20 746 Invicta shares Value of transaction: R2 502 175.06 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Date of transaction: 4 February 2014 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R120.61 Number of shares: 16 827 Invicta shares Value of transaction: R2 029 504.47 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Name of director: A Goldstone (Executive director) Date of transaction: 4 February 2014 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R120.61 Number of shares: 23 938 Invicta shares Value of transaction: R2 887 162.18 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Date of transaction: 4 February 2014 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R120.61 Number of shares: 19 416 Invicta shares Value of transaction: R2 341 763.76 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Name of director: C Barnard (Executive director) Date of transaction: 4 February 2014 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R120.61 Number of shares: 19 949 Invicta shares Value of transaction: R2 406 048.89 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Date of transaction: 4 February 2014 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R120.61 Number of shares: 16 827 Invicta shares Value of transaction: R2 029 504.47 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Name of director: AM Sinclair (Executive director) Date of transaction: 4 February 2014 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R120.61 Number of shares: 20 746 Invicta shares Value of transaction: R2 502 175.06 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Date of transaction: 4 February 2014 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R120.61 Number of shares: 16 827 Invicta shares Value of transaction: R2 029 504.47 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Board approval for trades: Yes Cape Town 5 February 2014 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 05/02/2014 04:20:00 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.