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: David Samuels Name of associate: The David Samuels Family Trust Relationship to director: The director is a trustee of the associate Date of transaction: 24 January 2019 Number of shares: 169 196 ordinary shares Nature of transaction: Sale Price per share: R35.00 Value of transaction: R5 921 860.00 Nature of interest: Indirect beneficial Trade: On-market Name of director: David Samuels Name of associate: The David Samuels Family Trust Relationship to director: The director is a trustee of the associate Date of transaction: 24 January 2019 Number of shares: 70 065 ordinary shares Nature of transaction: Sale Price per share: R35.00 Value of transaction: R2 452 275.00 Nature of interest: Indirect beneficial Trade: On-market Clearance for the above transactions were provided in terms of section 3.66 of the JSE Listings Requirements. Cape Town 25 January 2019 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 25/01/2019 09:52:00 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.