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Fri 2 Jul 2004, 16:53 Dealings In Securities By Directors
Invicta Holdings Limited - Dealings In Securities By Directors                  
Invicta Holdings Limited                                                        
Incorporated in the Republic of South Africa                                    
(Registration number 1966/002182/06)                                            
Share code: IVT                                                                 
ISIN code: ZAE000029773                                                         
(`Invicta`)                                                                     
DEALINGS IN SECURITIES BY DIRECTORS                                             
In terms of paragraph 3.63 - 3.65 of the JSE Securities Exchange South Africa   
Listings Requirements, the following information, relating to dealings in       
securities by directors is disclosed.                                           
Non-executive independent director:     David I Samuels                         
Director of:                            Invicta                                 
Total number of shares sold:            500 000                                 
Transaction date:                       30 June 2004                            
Price:                                  R10.20                                  
Value:                                  R5 100 000                              
Share class:                            Ordinary shares                         
Nature of transaction:                  Sale of shares on the open market       
Extent of interest:                     Indirect beneficial                     
Clearance to deal obtained:             Yes                                     
Executive director:                     Michael Rose-Innes                      
Director of:                            Invicta                                 
Total number of shares sold:            500 000                                 
Transaction date:                       30 June 2004                            
Price:                                  R10.20                                  
Value:                                  R5 100 000                              
Share class:                            Ordinary shares                         
Nature of transaction:                  Sale of shares on the open market       
Extent of interest:                     Indirect beneficial                     
Clearance to deal obtained:             Yes                                     
Executive director:                     Michael Rose-Innes                      
Director of:                            Invicta                                 
Total number of shares sold:            500 000                                 
Transaction date:                       28 June 2004                            
Price:                                  R10.20                                  
Value:                                  R5 100 000                              
Share class:                            Ordinary shares                         
Nature of transaction:                  Sale of shares on the open market       
Extent of interest:                     Indirect non-beneficial                 
Clearance to deal obtained:             Yes                                     
Johannesburg                                                                    
2 July 2004                                                                     
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 02/07/2004 04:40:51 PM                 
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