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Tue 12 Mar 2019, 15:04 INVICTA HOLDINGS LIMITED - Dealings in securities by associates of a director
IVT IVTP 201903120047A
Dealings in securities by associates 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" or "the Company")


Dealings in securities by associates of a director

In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, shareholders are advised of
the following transaction by associates of an Invicta director:

   Name of director:                            Arnold Goldstone (Chief Executive Officer)
   Name of associate (Transferor):              Trostin (Pty) Ltd
   Relationship to director (Transferor):       Mr Goldstone is a director of the associate and a
                                                beneficiary of the trust that owns the associate
   Name of associate (Transferee):              The A and A Family Trust
   Relationship to director (Transferee):       Mr Goldstone is a trustee and beneficiary of the
                                                associate
   Date of transaction:                         6 March 2019
   Nature of transaction:                       Off-market transfer of Zero Cost Collars entered in
                                                respect of 795 328 Invicta ordinary shares
   Nature of interest:                          Indirect beneficial
   Trade:                                       Off-market

The aforementioned Zero Cost Collars entered into by the director as announced on SENS on 27
July 2018 have been transferred to The A and A Family Trust, an associate of the director, in which
the director is a trustee and beneficiary. All the terms of the Zero Cost Collars remain unchanged.

Clearance for the trade by the director was provided in terms of section 3.66 of the JSE Listings
Requirements.

Cape Town
12 March 2019

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 12/03/2019 03:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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 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.
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