Dealings in securities by an associate 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") Dealings in securities by an associate 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 in ordinary shares by an associate of an Invicta director: Name of director: A Goldstone (Chief Executive Officer) Name of associate: Trostin (Pty) Ltd Relationship to director: Mr Goldstone is a director of the associate and is a beneficiary of the trust that owns the associate Date of transaction: 4 June 2018 Number of shares: 80 000 Nature of transaction: Involuntary sale of shares by funders under security arrangements Price per share: R41.1876 Value of transaction: R3 295 008.00 Nature of interest: Indirect beneficial Trade: On-market Name of director: A Goldstone (Chief Executive Officer) Name of associate: Trostin (Pty) Ltd Relationship to director: Mr Goldstone is a director of the associate and is a beneficiary of the trust that owns the associate Date of transaction: 5 June 2018 Number of shares: 40 000 Nature of transaction: Involuntary sale of shares by funders under security arrangements Price per share: R39.40 Value of transaction: R1 576 000.00 Nature of interest: Indirect beneficial Trade: On-market The JSE Limited has granted a waiver of the requirements of paragraph 3.69 of the Listings Requirements, as the transactions were non-discretionary and effected in terms of contractual arrangements. Cape Town 6 June 2018 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 06/06/2018 05:12:00 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.