Dealing in securities by associates of 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”) Dealing in securities by associates of director 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 associates of director: 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 shares upon close out of Equity Linked Note by financial institution Date of transaction: 8 December 2015 Price per share: R49.00 Number of securities: 235 783 ordinary shares Value of transaction: R11 553 367.00 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: Purchase of shares by associate upon close out of Equity Linked Note Date of transaction: 8 December 2015 Price per share: R49.00 Number of securities: 235 783 ordinary shares Value of transaction: R11 553 367.00 Nature of interest: Indirect beneficial Trade: On-market Approval for trades: Yes Cape Town 9 December 2015 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 09/12/2015 04:34:00 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.