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Mon 13 Sep 2004, 15:58 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.                                          
Executive director:                Mr A Goldstone                               
Director of:                       Invicta                                      
Transaction date:                  9 September 2004                             
Number of shares purchased:        4 000                                        
Price:                             R11.00                                       
Total Value:                       R44 000                                      
Share class:                       Ordinary shares                              
Nature of transaction:             Purchase of shares on the open               
market                                       
Extent of interest:                Direct beneficial                            
Clearance to deal obtained:        Yes                                          
Executive director:                Mr A Goldstone                               
Director of:                       Invicta                                      
Transaction date:                  10 September 2004                            
Number of shares purchased:        4 000                                        
Price:                             R11.00                                       
Total Value:                       R44 000                                      
Share class:                       Ordinary shares                              
Nature of transaction:             Purchase of shares on the open               
                                   market                                       
Extent of interest:                Direct beneficial                            
Clearance to deal obtained:        Yes                                          
Executive director:                Mr A Goldstone                               
Director of:                       Invicta                                      
Transaction date:                  10 September 2004                            
Number of shares purchased:        2 000                                        
Price:                             R10.92                                       
Total Value:                       R21 840                                      
Share class:                       Ordinary shares                              
Nature of transaction:             Purchase of shares on the open               
                                   market                                       
Extent of interest:                Direct beneficial                            
Clearance to deal obtained:        Yes                                          
Executive director:                Mr A Goldstone                               
Director of:                       Invicta                                      
Transaction date:                  10 September 2004                            
Number of shares purchased:        50 000                                       
Price:                             R10.50                                       
Total Value:                       R525 000                                     
Share class:                       Ordinary shares                              
Nature of transaction:             Purchase of shares on the open               
                                   market                                       
Extent of interest:                Indirect beneficial                          
Clearance to deal obtained:        Yes                                          
Johannesburg                                                                    
13 September 2004                                                               
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 13/09/2004 03:49:02 PM Supplied by www.sharenet.co.za                     
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