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Tue 7 Sep 2004, 15:34 INVICTA - DEALING IN SECURITIES BY A DIRECTOR
INVICTA - 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.                                          
  Director:                               P Le Grange                             
  Director of:                            A major subsidiary of Invicta           
  Total number of shares sold:            5 000                                   
  Transaction date:                       6 September 2004                        
  Price:                                  R11.00                                  
  Value:                                  R55 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                                                                    
  7 September 2004                                                                
  Investment bank and sponsor                                                     
  Nedbank Capital                                                                 
  Date: 07/09/2004 03:24:02 PM Produced by the JSE SENS Department
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