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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)                                            
  Share code: IVT                                                                 
  ISIN code:  ZAE000029773                                                        
  (`Invicta`)                                                                     
  DEALING IN SECURITIES BY THE COMPANY SECRETARY                                  
  In terms of paragraph 3.63 - 3.65 of the JSE Securities Exchange South Africa   
  Listings Requirements, the following information, relating to dealing in        
  securities by company secretary is disclosed.                                   
  Name:                              C Barnard                                    
  Company secretary of:              Invicta                                      
  Number of shares sold:             30 000                                       
  Transaction date:                  8 July 2004                                  
  Price:                             R10.40                                       
  Value:                             R312 000                                     
  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                                                                    
  12 July 2004                                                                    
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 12/07/2004 12:10:47 PM Produced by the JSE SENS Department                

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