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Thu 5 Aug 2004, 16:40 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 - 3.74 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                  :    RE Sherrell                        
  Director of                             :    A major subsidiary of Invicta      
  Transaction date                        :    29 July 2004                       
  Number of shares purchased              :    20 000                             
  Price:                                       R10.25                             
  Total Value:                            :    R205 000                           
  Share class                             :    Ordinary shares                    
  Nature of transaction                   :    Purchase of shares                 
  Extent of interest                      :    Direct beneficial (10 000)         
                                               Indirect beneficial (10 000)       
  Clearance to deal obtained              :    Yes                                
  Johannesburg                                                                    
  5 August 2004                                                                   
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 05/08/2004 04:35:04 PM Produced by the JSE SENS Department                
                                                                                  
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