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Tue 22 Jun 2004, 12:51 DEALING IN SECURITIES BY A DIRECTOR
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`)                                                                     
JSE Share code: IVT                                                             
ISIN code: ZAE000029773                                                         
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 of the JSE Securities Exchange South Africa Listings 
Requirements, the following information is disclosed:                           
Name of director:                  P Le Grange                                  
Director of:                       Major subsidiary of Invicta                  
Total number of shares sold:       9 978                                        
Transaction date:                  21 June 2004                                 
Price:                             R10.50                                       
Value:                             R104 769                                     
Share class:                       Ordinary shares                              
Nature of transaction:             Sale of shares on the open market            
Extent of interest:                Direct beneficial                            
Clearance to deal obtained:        Yes                                          
Johannesburg                                                                    
22 June 2004                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 22/06/2004 12:28:36 PM                   
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