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Wed 3 Mar 2004, 14:07 Dealing In Securities By A Director
Invicta Holdings Limited - Dealing In Securities By A Director 
Release Date: 03/03/2004 13:21:51      Code(s): IVT 
INVICTA HOLDINGS LIMITED - DEALING 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                                                         
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 of the Listings Requirements of the JSE Securities   
Exchange South Africa, the following information is disclosed:                  
Executive director                 :A Goldstone                                 
Director of                        :Invicta                                     
Transaction date                   :1 March 2004                                
Nature of transaction              :Sale of shares on the open market           
Number of shares sold              :3 600                                       
Price                              :R9.60                                       
Value                              :R34 560                                     
Share Class                        :Ordinary shares                             
Extent of interest                 :Direct Beneficial                           
Clearance to deal obtained         :Yes                                         
Executive director                 :A Goldstone                                 
Director of                        :Invicta                                     
Transaction date                   :2 March 2004                                
Nature of transaction              :Sale of shares on the open market           
Number of shares sold              :1 000                                       
                                   :25 400                                      
Price                              :R9.60                                       
:R9.50                                       
Total value                        :R250 900                                    
Share Class                        :Ordinary shares                             
Extent of interest                 :Direct Beneficial                           
Clearance to deal obtained         :Yes                                         
Johannesburg                                                                    
3 March 2004                                                                    
Sponsor                                                                         
Nedbank Corporate                                                               
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