Unaudited condensed consolidated results for the six months ended 30 September 2019 INVICTA HOLDINGS LIMITED and its subsidiaries (Incorporated in the Republic of South Africa) Registration number 1966/002182/06 Share code: IVT ISIN: ZAE000029773 Preference share code: IVTP ISIN: ZAE000173399 ("Invicta" or "the Company" or "the Group") Unaudited condensed consolidated results for the six months ended 30 September 2019 30 September 30 September FINANCIAL SUMMARY 2019 2018* % Change Shareholder's Equity R'000 5 317 476 5 046 773 5 Revenue R'000 5 283 842 5 284 191 0 Profit for the period R'000 207 872 63 824 226 Basic earnings per share cents 149 13 1046 Headline earnings per share cents 149 7 2029 Net asset value per ordinary share cents 4 210 3 960 6 Dividend per ordinary share** cents - 50 (100) * Prior year restated, refer to the full announcement for further details. ** In light of the tax settlement and the resultant higher debt levels in the Group, the board has resolved not to declare an interim dividend for ordinary shares. It is anticipated that the normal dividend policy (of a total dividend cover ratio of 3.5 times at interim adjusted to 2.75 times at year-end) will be resumed once cash flows and debt levels permit. This short-form announcement is the responsibility of the directors and is a summary of the information in the full announcement and accordingly does not contain comprehensive details. The full announcement was published on 25 November 2019, and may be found on the Company's website at www.invictaholdings.co.za and also on the following link https://senspdf.jse.co.za/documents/2019/jse/isse/IVT/Int2019.pdf Copies of the full announcement may also be requested at the Company's registered office or the office of the sponsor, at no charge, during office hours from 25 November 2019. Any investment decision by investors and/or shareholders should be based on consideration of the full announcement. By order of the board ARNOLD GOLDSTONE NAZLEE RAJMOHAMED Chief Executive Officer Group Financial Director 25 November 2019 Invicta Holdings Limited Registered office: 3rd Floor, Pepkor House, 36 Stellenberg Road, Parow Industria, 7493 Directors: Dr CH Wiese* (Chairman) A Goldstone (CEO) C Barnard B Nichles* GM Pelser N Rajmohamed DI Samuels^ LR Sherrell* AM Sinclair RA Wally^ Adv JD Wiese* * Non-executive ^ Independent non-executive Transfer secretaries: Computershare Investor Services Proprietary Limited Rosebank Towers 15 Biermann Avenue Rosebank 2196 Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited To view the full announcement please visit our website at www.invictaholdings.co.za Date: 25-11-2019 07:30:00 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.