Dealings in securities by associates of a 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”) Dealings in securities by associates of a director In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the following should be noted in respect of the following transaction by a director: Name of director: A Goldstone (Chief Executive Officer) Date of transaction: 29 January 2018 Nature of transaction: Off-market transfer of shares between two associates Name of associate (seller): A and A Family Trust Relationship to director (seller): The director is a trustee and beneficiary of the trust Name of associate (purchaser): Trostin (Pty) Ltd Relationship to director (purchaser): The director is also a director of the purchaser Price per share: R56.71 Number of shares: 235 783 ordinary shares Total value of transaction: R13 371 253.93 Nature of interest: Indirect beneficial Trade: Off-market Clearance for this transaction was obtained. Cape Town 31 January 2018 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 31/01/2018 09:40:00 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.