INVICTA HOLDINGS LIMITED - Clarification Announcement re Directors Dealing In Securities

Clarification Announcement re Director’s 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")

Clarification Announcement re Director’s Dealing In Securities

Shareholders are referred to the announcement released on SENS on 5 February 2014 regarding a director’s
dealing in securities. In order to clarify the announcement and also to comply with rule 3.63 to 3.74 of the
JSE Listings Requirements the following trades in Invicta ordinary shares took place by a director:

         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:                 Indirect 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:                 Indirect beneficial
         Trade:                              Off-market

         Board approval for trades: Yes

Cape Town
7 February 2014
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited

Date: 07/02/2014 05:03:00 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.