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" or “the Company”) Directors Dealings 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 following transactions by directors: Name of director: AM Sinclair (Executive director) Date of transaction: 12 February 2015 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R80.14 Number of shares: 26 468 Invicta shares Value of transaction: R2 121 145.52 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Date of transaction: 12 February 2015 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R80.14 Number of shares: 20 566 Invicta shares Value of transaction: R1 648 159.24 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Name of director: A Goldstone (Executive director) Date of transaction: 13 February 2015 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R80.22 Number of shares: 30 549 Invicta shares Value of transaction: R2 450 640.78 Class of security: Ordinary shares Nature of interest: Indirect beneficial Trade: Off-market Date of transaction: 13 February 2015 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R80.22 Number of shares: 23 746 Invicta shares Value of transaction: R1 904 904.12 Class of security: Ordinary shares Nature of interest: Indirect beneficial Trade: Off-market Name of director: C Barnard (Executive director) Date of transaction: 13 February 2015 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R80.22 Number of shares: 25 457 Invicta shares Value of transaction: R2 042 160.54 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Date of transaction: 13 February 2015 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R80.22 Number of shares: 20 580 Invicta shares Value of transaction: R1 650 927.60 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Name of director: CE Walters (Executive director) Date of transaction: 16 February 2015 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R80.36 Number of shares: 26 490 Invicta shares Value of transaction: R2 128 736.40 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Date of transaction: 16 February 2015 Nature of transaction: Purchase in terms of share appreciation plan Price per share: R80.36 Number of shares: 20 604 Invicta shares Value of transaction: R1 655 737.44 Class of security: Ordinary shares Nature of interest: Direct beneficial Trade: Off-market Name of director: Lance Sherrell (Non-executive director) Date of transaction: 16 February 2015 Nature of transaction: Off market LONG Contracts for Difference (“CFD”) Price per share: R69.00 Number of shares: 1 000 000 CFD contracts representing a total of 1 000 000 Invicta shares Value of transaction: R69 000 000.00 Class of security Ordinary shares Nature of interest: Indirect beneficial Trade: Off-market Board approval for trades: Yes Cape Town 17 February 2015 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Date: 17/02/2015 04:24:00 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.