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Wed 8 Sep 2004, 15:51 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.                                          
Director:                               P Le Grange                             
Director of:                            A major subsidiary of Invicta           
Total number of shares sold:            15 000                                  
Transaction date:                       7 September 2004                        
Price:                                  R11.00                                  
Value:                                  R165 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                                                                    
8 September 2004                                                                
Investment bank and sponsor                                                     
Nedbank Capital
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