Dealing in securities by a director of a major subsidiary 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 OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Name of director of major subsidiary: GM Pelser Company: Bearing Man Group Proprietary Limited (a major subsidiary of Invicta) Date of transaction: 3 July 2017 Nature of transaction: Sale Price per share: R56.5506 Number of securities: 38 800 ordinary shares Value of transaction: R2 194 163.28 Nature of interest: Direct beneficial Trade: On-market Name of director of major subsidiary: GM Pelser Company: Bearing Man Group Proprietary Limited (a major subsidiary of Invicta) Date of transaction: 4 July 2017 Nature of transaction: Sale Price per share: R56.4931 Number of securities: 27 290 ordinary shares Value of transaction: R1 541 696.70 Nature of interest: Direct beneficial Trade: On-market Name of director of major subsidiary: GM Pelser Company: Bearing Man Group Proprietary Limited (a major subsidiary of Invicta) Date of transaction: 5 July 2017 Nature of transaction: Sale Price per share: R56.00 Number of securities: 867 ordinary shares Value of transaction: R48 552.00 Nature of interest: Direct beneficial Trade: On-market Approval for trades: Yes Cape Town 7 July 2017 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 07/07/2017 02:12:00 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.