INVICTA HOLDINGS LIMITED - Trading statement for the financial year ended 31 March 2022

Trading statement for the financial year ended 31 March 2022

Invicta Holdings Limited (Incorporated in the Republic of South Africa)
 (Registration number 1966/002182/06)
 Ordinary Share code: IVT Ordinary Share ISIN: ZAE000029773
 Preference Share code: IVTP Preference Share ISIN: ZAE000173399
(“Invicta” or the “Company”)

TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2022

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the current
period to be reported on will differ by at least 20% from those reported in the previous
corresponding reporting period.

Shareholders are advised that during the reporting period ended 31 March 2022 (the “current
period”), the Company concluded certain material transactions.

During the current period, the earnings include:

    •   a net profit on disposal of businesses (51.19% of Kian Ann and ESG branches) amounting to
        approximately R64 million (59 cents per share); and
    •   a fair value gain of approximately R396 million (366 cents per share) on remeasurement of
        the joint venture investments (KKB roller manufacture operation and the MIH product
        distribution operations in both the USA and Canada) where holdings were increased to
        100%.

The above transactions are included in earnings per share (“EPS”) but excluded from headline
earnings (“HEPS”) in the current period.

During the prior comparative period for the financial year ended 31 March 2021 (the “prior
comparative period”), the EPS and HEPS included the result from the CNH Agricultural businesses
which were disposed of. This amounted to 85 cents per share for both EPS and HEPS.

Shareholders are therefore advised that for the current period:

    •   EPS is expected to increase by between 160% to 170% (increase approximating 455.8 cents
        to 484.3 cents) to between 740.8 cents and 769.3 cents, off a base of 285 cents reported for
        the prior comparative period; and
    •   HEPS is expected to be within 20% of the prior comparative period, off a base of 316 cents
        reported for the prior comparative period.

The financial results on which this trading statement is based have not been reviewed or reported
on by the Company’s external auditors. It is anticipated that the financial results for the financial
year ended 31 March 2022 will be published on or about 27 June 2022.


Johannesburg

23 May 2022

Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 23-05-2022 08:00:00
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