Grant and acceptance of Long Term Bonus and Share Incentive Rights 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: 258 126 Class of securities: Long Term Bonus and Share Incentive Rights in respect of ordinary Invicta shares Grant date: 25 June 2018 Acceptance date: 26 June 2018 Grant price per LBSIR: R37.90 Value per LBSIR: R10.46 Value of transaction: R2 699 997.96 Vesting period: LBSIRs will vest as follows: 31 March 2021 - 50% 31 March 2022 - 25% 31 March 2023 - 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: 217 973 Class of securities: Long Term Bonus and Share Incentive Rights in respect of ordinary Invicta shares Grant date: 25 June 2018 Acceptance date: 26 June 2018 Grant price per LBSIR: R37.90 Value per LBSIR: R10.46 Value of transaction: R2 279 997.58 Vesting period: LBSIRs will vest as follows: 31 March 2021 - 50% 31 March 2022 - 25% 31 March 2023 - 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: 141 969 Class of securities: Long Term Bonus and Share Incentive Rights in respect of ordinary Invicta shares Grant date: 25 June 2018 Acceptance date: 26 June 2018 Grant price per LBSIR: R37.90 Value per LBSIR: R10.46 Value of transaction: R1 484 995.74 Vesting period: LBSIRs will vest as follows: 31 March 2021 - 50% 31 March 2022 - 25% 31 March 2023 - 25% Nature of interest: Direct beneficial Trade: Off-market Clearance obtained: Yes Name of director: GM Pelser 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: 143 403 Class of securities: Long Term Bonus and Share Incentive Rights in respect of ordinary Invicta shares Grant date: 25 June 2018 Acceptance date: 26 June 2018 Grant price per LBSIR: R37.90 Value per LBSIR: R10.46 Value of transaction: R1 499 995.38 Vesting period: LBSIRs will vest as follows: 31 March 2021 - 50% 31 March 2022 - 25% 31 March 2023 - 25% Nature of interest: Direct beneficial Trade: Off-market Clearance obtained: Yes Cape Town 26 June 2018 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 26/06/2018 03:55:00 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.