Unaudited condensed consolidated results for the six months ended 30 September 2020 INVICTA HOLDINGS LIMITED INVICTA HOLDINGS LIMITED and its subsidiaries ("Invicta" or "the Company" or "the Group") (Incorporated in the Republic of South Africa) Registration number 1966/002182/06 | Share code: IVT | ISIN: ZAE000029773 Preference share code: IVTP | ISIN: ZAE000173399 Unaudited condensed consolidated results for the six months ended 30 September 2020 30 September 30 September FINANCIAL SUMMARY 2020 2019 % Change Shareholder's Equity R'000 4 794 653 5 317 476 (10) Revenue R'000 3 572 419 4 372 029 (18) Profit for the period from continuing operations R'000 155 324 164 945 (6) Profit for the period R'000 223 862 207 872 8 Basic earnings per share from continuing operations cents 108 109 (1) Basic earnings per share cents 172 149 15 Headline earnings per share from continuing operations cents 108 109 (1) Headline earnings per share cents 172 149 15 Net asset value per ordinary share cents 3 728 4 210 (11) Dividend per share* cents - - - * The board has resolved not to declare an interim dividend given the possibility of a second wave of Covid-19 infections, following the trend seen in Europe and North America. The normal dividend policy (of a total dividend cover ratio of 3.5 times at interim adjusted to 2.75 times at year end) should be resumed once this risk has passed and conditions have stabilised. 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 SENS on 30 November 2020, 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/2020/jse/isse/IVT/Int2020.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 30 November 2020. Any investment decision by investors and/or shareholders should be based on consideration of the full announcement. By order of the board STEVEN JOFFE NAZLEE RAJMOHAMED Chief Executive Officer Group Financial Director 30 November 2020 Invicta Holdings Limited Registered office: 3 Droste Cresent, Droste Park, Johannesburg, Gauteng, 2094 Transfer secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196 Directors: Dr CH Wiese* (Chairman), S Joffe (CEO), C Barnard, GM Pelser, N Rajmohamed, DI Samuels^, LR Sherrell*, AM Sinclair, RA Wally^, Adv JD Wiese*, PM Makwana^, I Van Heerden*, F Davidson^ * Non-executive ^ Independent non-executive Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited To view the full announcement please visit our website at www.invictaholdings.co.za Date: 30-11-2020 08:00:00 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.