Dealing in securities by director 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”) Dealings in securities by a director In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the following should be noted in respect of the following transaction by a director: Name of director: CE Walters (Chief Executive Officer) Date of transaction: 10 July 2015 Nature of transaction: Off-market transfer of shares to associate Name of associate: K2015214957 (South Africa) (Pty) Limited Average price per share: R70.00 per share Number of securities: 970 837 ordinary shares Value of transaction: R67 958 590.00 Nature of interest: Direct beneficial transferred to indirect beneficial Trade: Off-market CE Walters has a direct beneficial interest in 970 837 Invicta ordinary shares. The aforementioned shares have been transferred to an associate company in which the director has an indirect beneficial interest. Clearance for the transaction was provided in terms of section 3.66 of the JSE Listings Requirements. Cape Town 14 July 2015 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 14/07/2015 05:21:00 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.