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Mon 2 Aug 2004, 12:33 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)                                            
Share code: IVT                                                                 
ISIN code: ZAE000029773                                                         
(`Invicta`)                                                                     
DEALING IN SECURITIES BY A DIRECTOR                                             
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 a director is disclosed.                                          
Non-executive director:            Dr CH Wiese                                  
Director of:                       Invicta                                      
Transaction date:                  29 July 2004                                 
Number of shares sold:             408 424 @ R10.20                             
20 000 @ R10.25                             
                                    14 508 @ R10.30                             
                                     6 068 @ R10.50                             
                                     1 000 @ R10.51                             
Total Value:                       R4 594 581.20                                
Share class:                       Ordinary shares                              
Nature of transaction:             Sale of shares on the open market            
Extent of interest:                Indirect beneficial                          
Clearance to deal obtained:        Yes                                          
Johannesburg                                                                    
2 August 2004                                                                   
Sponsor                                                                         
Nedbank Capital
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