INVICTA HOLDINGS LIMITED - Associates of directors dealings in securities

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 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:                16 March 2017
        Nature of transaction:              Sale of ordinary shares
        Number of securities                12 613
        Highest price per share             R61.85
        Lowest price per share              R61.00
        Average price per share             R61.09
        Value of transaction:               R770 528.17
        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:                17 March 2017
        Nature of transaction:              Sale of ordinary shares
        Number of securities                65 346
        Highest price per share             R61.50
        Lowest price per share              R60.50
        Average price per share             R61.39
        Value of transaction:               R4 011 590.94
        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:                20 March 2017
        Nature of transaction:              Sale of ordinary shares
        Number of securities                3 224
        Highest price per share             R60.90
        Lowest price per share              R60.50
        Average price per share             R60.64
        Value of transaction:               R195 503.36
        Nature of interest:                 Indirect beneficial
        Trade:                              On-market
        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:              16 March 2017
        Nature of transaction:            Sale of ordinary shares
        Number of securities              6 685
        Highest price per share           R61.85
        Lowest price per share            R61.00
        Average price per share           R61.09
        Value of transaction:             R408 386.65
        Nature of interest:               Indirect beneficial
        Trade:                            On-market

        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:              17 March 2017
        Nature of transaction:            Sale of ordinary shares
        Number of securities              34 654
        Highest price per share           R61.50
        Lowest price per share            R60.50
        Average price per share           R61.39
        Value of transaction:             R2 127 409.06
        Nature of interest:               Indirect beneficial
        Trade:                            On-market

        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:              20 March 2017
        Nature of transaction:            Sale of ordinary shares
        Number of securities              1 707
        Highest price per share           R60.90
        Lowest price per share            R60.50
        Average price per share           R60.64
        Value of transaction:             R103 512.48
        Nature of interest:               Indirect beneficial
        Trade:                            On-market


Cape Town
22 March 2017

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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