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Mon 24 Nov 2003, 17:18 Dealings In Securities By A Director
Invicta Holdings Limited - Dealings In Securities By A Director                 
  INVICTA HOLDINGS LIMITED                                                        
  Incorporated in the Republic of South Africa                                    
  (Registration number 1966/002182/06)                                            
  ("Invicta")                                                                     
  Share code: IVT                                                                 
  ISIN code: ZAE000029773                                                         
  DEALINGS IN SECURITIES BY A DIRECTOR                                            
  In terms of paragraph 3.63 - 3.74 of the Listings Requirements of the JSE       
  Securities Exchange South Africa, the following information is disclosed:       
  Executive director                 :  P Le Grange                               
  Director of a                      :  Major subsidiary of Invicta               
  Transaction date                   :  21 November 2003                          
  Nature of transaction              :  Sale of shares                            
  Number of shares sold:             :  1000                                      
  Price:                             :  R7.50                                     
  Value:                             :  R75 000                                   
  Share Class:                       :  Ordinary shares                           
  Extent of interest:                :  Direct Beneficial                         
  Johannesburg                                                                    
  24 November 2003                                                                
  Date: 24/11/2003 05:05:31 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
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