Dealing in securities by associates of a director 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”) Dealing in securities by associates of a director In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, shareholders are advised of the following transaction by associates of an Invicta director: Name of director: Arnold Goldstone (Chief Executive Officer) Date of transaction: 27 February 2019 Nature of transaction: Off-market transfer of shares between two associates Name of associate (Transferor): Trostin (Pty) Ltd Relationship to director (Transferor): Mr Goldstone is a director of the associate and a beneficiary of the trust that owns the associate Name of associate (Transferee): The A and A Family Trust Relationship to director (Transferee): Mr Goldstone is a trustee and beneficiary of the associate Price per share: R30.00 per share Number of securities: 2,128,750 ordinary shares Value of transaction: R63,862,500 Nature of interest: Indirect beneficial Trade: Off-market Cape Town 4 March 2019 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 04/03/2019 03:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.