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 by an associate of an Invicta director: Name of director: LR Sherrell Name of associate: Lanmar Investments (Pty) Ltd Relationship to director: Mr Sherrell is a director of the associate Date of transaction: 22 June 2018 Number of shares: 209 000 contracts (representing 209 000 Invicta ordinary shares) Nature of transaction: Non-discretionary sale of contracts for difference by funders under security arrangements Price per share: R39.48 Value of transaction: R8 250 546.70 Nature of interest: Indirect beneficial Trade: On-market Name of director: LR Sherrell Name of associate: Lanmar Investments (Pty) Ltd Relationship to director: Mr Sherrell is a director of the associate Date of transaction: 25 June 2018 Number of shares: 176 087 contracts (representing 176 087 Invicta ordinary shares) Nature of transaction: Non-discretionary sale of contracts for difference by funders under security arrangements Price per share: R38.40 Value of transaction: R6 761 203.38 Nature of interest: Indirect beneficial Trade: On-market Clearance for the above transaction was provided in terms of section 3.66 of the JSE Listings Requirements. Cape Town 27 June 2018 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 27/06/2018 10:56:00 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.