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Mon 2 Jun 2003, 11:44 Invicta Holdings Limited - Dealings In Securities
INVICTA HOLDINGS LIMITED - DEALINGS IN SECURITIES BY DIRECTOR                   
("INVICTA")                                                                     
(Registration number 1966/002182/06)                                            
(Share code: IVT)                                                               
(ISIN code: ZAE000029773)                                                       
DEALINGS IN SECURITIES BY DIRECTOR                                              
In compliance with rule 3.72 - 3.75 of the JSE Listings Requirements, the       
following is disclosed:                                                         
Director"s name:              Mr A Goldstone                                    
His position:                 Executive director                                
No. of shares sold:           102 400                                           
Price:                        R7,00                                             
Date:                         28 May 2003                                       
Class of shares:              Ordinary                                          
Name of entity which                                                            
traded the shares:            Soundprops 1091 (Pty) Limited                     
His relationship with the                                                       
entity, which traded                                                            
in the shares:                He is a shareholder                               
Extent of Interest:           Indirect-Beneficial                               
Director"s name:              Mr A Goldstone                                    
His position:                 Executive director                                
No. of options exercised:     1 600 000                                         
Price:                        R1.90 for 150 000 options                         
                              R2.17 for 1 450 000 options                       
Date:                         28 May 2003                                       
Class of shares:              Ordinary                                          
Extent of Interest:           Direct-Beneficial                                 
Johannesburg                                                                    
2 June 2003
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