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Mon 26 Sep 2016, 11:38 INVICTA HOLDINGS LIMITED - Directors dealing in securities
IVTP IVT 201609260017A
Director’s dealing in securities

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")

Director’s dealing in securities

In compliance with rule 3.63 to 3.66 of the JSE Listings Requirements, the following should be noted in
respect of the following transaction by an Invicta director:

        Name of director:                   AM Sinclair (Executive director)
        Date of transaction:                23 September 2016
        Nature of transaction:              Sale
        Highest price per share:            R57.00
        Lowest price per share:             R56.50
        Average price per share:            R56.68
        Number of securities:               34 058 ordinary shares
        Value of transaction:               R1 930 387.96
        Nature of interest:                 Direct beneficial
        Trade:                              On-market

        Approval for trades:                Yes


Cape Town
26 September 2016

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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