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Mon 8 Dec 2003, 16:42 DEALING IN SECURITIES BY A DIRECTOR
INVICTA HOLDINGS LIMITED -                   
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 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:       
Non-executive director             DI Samuels, who has an interest              
in The David Samuels Family Trust,           
                                   the entity which entered into the            
                                   transaction.                                 
Director of                        Invicta                                      
Transaction date                   5 December 2003                              
Nature of transaction              Sale of shares in the open market            
Number of shares sold              100 000                                      
Price                              R7.65                                        
Value                              R765 000                                     
Share Class                        Ordinary shares                              
Extent of interest                 Indirect Beneficial                          
Written clearance to deal          Yes                                          
Johannesburg                                                                    
8 December 2003                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 08/12/2003 04:26:06 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                


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