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Wed 19 Jan 2005, 16:32 INVICTA HOLDINGS LIMITED - DEALING IN SECURITIES B
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.                                          
Executive director:                Mr M Rose-Innes                              
Director of:                       Invicta                                      
Transaction date:                  14 January 2005                              
Number of shares sold:             17 420                                       
Price:                   `         R16.25 per share                             
Total value:                       R283 075                                     
Share class:                       Ordinary shares                              
Nature of transaction:             Sale of shares on the open market            
Extent of interest:                Indirect non-beneficial                      
Clearance to deal obtained:        Yes                                          
Executive director:                Mr M Rose-Innes                              
Director of:                       Invicta                                      
Transaction date:                  17 January 2005                              
Number of shares sold:             1 845                                        
Price:                   `         R16.25 per share                             
Total value:                       R29 981                                      
Share class:                       Ordinary shares                              
Nature of transaction:             Sale of shares on the open market            
Extent of interest:                Indirect non-beneficial                      
Clearance to deal obtained:        Yes                                          
Executive director:                Mr M Rose-Innes                              
Director of:                       Invicta                                      
Transaction date:                  17 January 2005                              
Number of shares sold:             15 000                                       
Price:                   `         R16.00 per share                             
Total value:                       R240 000                                     
Share class:                       Ordinary shares                              
Nature of transaction:             Sale of shares on the open market            
Extent of interest:                Indirect non-beneficial                      
Clearance to deal obtained:        Yes                                          
Johannesburg                                                                    
19 January 2005                                                                 
Investment bank and Sponsor                                                     
Nedbank Capital                                                                 
Date: 19/01/2005 04:25:17 PM                 
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