Associates of director’s dealings 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") Associates of director’s dealings in securities In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the following should be noted in respect of the following transactions by associates of an Invicta director: Name of director: DI Samuels (Non-executive director) Name of associate: The Gabey Gordon Family Trust (“Trust”) Relationship to director: The director is not a trustee or beneficiary of the associate - an immediate family member of the director is a beneficiary of the Trust Date of transaction: 3 March 2017 Nature of transaction: Sale Number of securities 1 274 Highest price per share: R66.07 Lowest price per share: R65.00 Average price per share: R65.38 Value of transaction: R84 148.28 Nature of interest: Indirect beneficial Trade: On-market Name of director: DI Samuels (Non-executive director) Name of associate: The Robyn Ginsberg Family Trust (“Trust”) Relationship to director: The director is not a trustee or beneficiary of the associate - an immediate family member of the director is a beneficiary of the Trust Date of transaction: 3 March 2017 Nature of transaction: Sale Number of securities 2 403 Highest price per share: R66.07 Lowest price per share: R65.00 Average price per share: R65.38 Value of transaction: R156 275.38 Nature of interest: Indirect beneficial Trade: On-market Cape Town 7 March 2017 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 07/03/2017 09:54:00 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.