Grant and acceptance of Long Term Bonus and Share Incentive Rights (“LBSIRs”) 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") Grant and acceptance of Long Term Bonus and Share Incentive Rights (“LBSIRs”) In terms of the Listings Requirements of the JSE Limited, the following information is disclosed: Name of director: A Goldstone Company: Invicta Holdings Limited Nature of transaction: Grant and acceptance of LBSIRs in terms of the Invicta LBSIR Scheme. The participant will be paid for each LBSIR granted by the growth in value of the LBSIR as calculated from the Grant date and Grant price till the Exercise Date. The LBSIR payment will be made in Invicta ordinary shares. Number of LBSIRs: 234 082 Class of securities: Long Term Bonus and Share Incentive Rights in respect of ordinary Invicta shares Grant date: 27 June 2017 Acceptance date: 4 July 2017 Grant price per LBSIR: R54.30 Value per LBSIR: R16.02 Value of transaction: R3 749 993.64 Vesting period: LBSIRs will vest as follows: 31 March 2020 - 50% 31 March 2021 - 25% 31 March 2022 - 25% Nature of interest: Direct beneficial Trade: Off-market Clearance obtained: Yes Name of director: AM Sinclair Company: Invicta Holdings Limited Nature of transaction: Grant and acceptance of LBSIRs in terms of the Invicta LBSIR Scheme. The participant will be paid for each LBSIR granted by the growth in value of the LBSIR as calculated from the Grant date and Grant price till the Exercise Date. The LBSIR payment will be made in Invicta ordinary shares. Number of LBSIRs: 165 418 Class of securities: Long Term Bonus and Share Incentive Rights in respect of ordinary Invicta shares Grant date: 27 June 2017 Acceptance date: 4 July 2017 Grant price per LBSIR: R54.30 Value per LBSIR: R16.02 Value of transaction: R2 649 996.36 Vesting period: LBSIRs will vest as follows: 31 March 2020 - 50% 31 March 2021 - 25% 31 March 2022 - 25% Nature of interest: Direct beneficial Trade: Off-market Clearance obtained: Yes Name of director: C Barnard Company: Invicta Holdings Limited Nature of transaction: Grant and acceptance of LBSIRs in terms of the Invicta LBSIR Scheme. The participant will be paid for each LBSIR granted by the growth in value of the LBSIR as calculated from the Grant date and Grant price till the Exercise Date. The LBSIR payment will be made in Invicta ordinary shares. Number of LBSIRs: 156 055 Class of securities: Long Term Bonus and Share Incentive Rights in respect of ordinary Invicta shares Grant date: 27 June 2017 Acceptance date: 4 July 2017 Grant price per LBSIR: R54.30 Value per LBSIR: R16.02 Value of transaction: R2 500 001.10 Vesting period: LBSIRs will vest as follows: 31 March 2020 - 50% 31 March 2021 - 25% 31 March 2022 - 25% Nature of interest: Direct beneficial Trade: Off-market Clearance obtained: Yes Name of director: GM Pelser Company: Bearing Man Group Proprietary Limited Nature of transaction: Grant and acceptance of LBSIRs in terms of the Invicta LBSIR Scheme. The participant will be paid for each LBSIR granted by the growth in value of the LBSIR as calculated from the Grant date and Grant price till the Exercise Date. The LBSIR payment will be made in Invicta ordinary shares. Number of LBSIRs: 124 844 Class of securities: Long Term Bonus and Share Incentive Rights in respect of ordinary Invicta shares Grant date: 27 June 2017 Acceptance date: 5 July 2017 Grant price per LBSIR: R54.30 Value per LBSIR: R16.02 Value of transaction: R2 000 000.88 Vesting period: LBSIRs will vest as follows: 31 March 2020 - 50% 31 March 2021 - 25% 31 March 2022 - 25% Nature of interest: Direct beneficial Trade: Off-market Clearance obtained: Yes Cape Town 5 July 2017 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 05/07/2017 04:18:00 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.