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Fri 5 Dec 2003, 17:10 DEALING IN SECURITIES BY THE COMPANY SECRETARY
INVICTA HOLDINGS LIMITED - DEALING IN SECURITIES BY THE COMPANY SECRETARY       
INVICTA HOLDINGS LIMITED                                                        
Incorporated in the Republic of South Africa                                    
(Registration number 1966/002182/06)                                            
("Invicta")                                                                     
Share code: IVT                                                                 
ISIN code: ZAE000029773                                                         
DEALING IN SECURITIES BY THE COMPANY SECRETARY                                  
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Securities Exchange South Africa, the following information is disclosed:       
Company Secretary:                 Mr C Barnard                                 
Company Secretary of:              Invicta                                      
Nature of transaction              Sale of shares in the open market            
Number of shares sold:             9 863                                        
Price:                             R7.65                                        
Value:                             R75 452                                      
Date of sale:                      4 December 2003                              
Share Class:                       Ordinary shares                              
Extent of interest:                Direct Beneficial                            
Johannesburg                                                                    
5 December 2003                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 05/12/2003 05:08:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
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