Dealing in securities by a director and associates of directors 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”) Dealing in securities by a director and associates of directors 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 a director and associates of directors: Name of director: CE Walters (Executive director) Nature of transaction: Sale of ordinary shares to satisfy margin calls Date of transaction: 30 November 2015 Price per share: R51.50 Number of securities: 200 000 ordinary shares Value of transaction: R10 300 000.00 Nature of interest: Direct beneficial Trade: On-market Name of director: CE Walters (Executive director) Name of associate: K2015214957 (Proprietary) Limited Relationship to director: CE Walters is a director and shareholder of the associate Nature of transaction: Sale of ordinary shares to satisfy margin calls Date of transaction: 30 November 2015 Price per share: R51.50 Number of securities: 180 000 ordinary shares Value of transaction: R9 270 000.00 Nature of interest: Indirect beneficial Trade: On-market Name of director: A Goldstone (Executive director) Name of associate: A & A Family Trust Relationship to director: A Goldstone is a trustee of the associate Nature of transaction: Sale of ordinary shares to satisfy margin calls Date of transaction: 30 November 2015 Price per share: R51.50 Number of securities: 1 500 000 ordinary shares Value of transaction: R77 250 000.00 Nature of interest: Indirect beneficial Trade: On-market Approval for trades: Yes Cape Town 2 December 2015 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 02/12/2015 01:30:00 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.