INVICTA HOLDINGS LIMITED - Dealings in Securities by Directors

Dealings in Securities by Directors

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
("Invicta")

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed
in respect of awards ("LBSIRs") in terms of the Invicta Long Term Bonus and Share Incentive Scheme 2006 (the "Scheme"):

  Name of director:                        SB Joffe
  Company:                                 Invicta Holdings Limited
  Nature of transaction:                   Grant and acceptance of LBSIRs (off market). The participant will be entitled
                                           to exercise the LBSIRs during the exercise period, conditional on
                                           performance criteria, with the value of the LBSIRs being determined as the
                                           number of exercised LBSIRs, multiplied by the difference between the price
                                           per ordinary share (based on 5-day volume weighted average price) on the
                                           exercise date and the grant price. The value of the LBSIRs after the
                                           deduction of the relevant taxation on exercise will be settled in Invicta
                                           ordinary shares
  Number of LBSIRs:                        682 193
  Class of securities:                     LBSIRs in respect of ordinary shares
  Grant date:                              17 February 2025
  Acceptance date:                         26 February 2025
  Grant price per LBSIR:                   R31.77
  Value per LBSIR:                         R6.46921
  Value of transaction:                    R4 413 249.78
  Vesting date:                            3rd anniversary of the grant date, with 100% thereof being subject to
                                           performance conditions
  Exercise period:                         547 days from the vesting date
  Nature of interest:                      Direct beneficial
  Clearance obtained:                      Yes

  Name of director:                        N Rajmohamed
  Company:                                 Invicta Holdings Limited
  Nature of transaction:                   Grant and acceptance of LBSIRs (off market). The participant will be entitled
                                           to exercise the LBSIRs during the exercise period, conditional on
                                           performance criteria, with the value of the LBSIRs being determined as the
                                           number of exercised LBSIRs, multiplied by the difference between the price
                                           per ordinary share (based on 5-day volume weighted average price) on the
                                           exercise date and the grant price. The value of the LBSIRs after the
                                           deduction of the relevant taxation on exercise will be settled in Invicta
                                           ordinary shares
  Number of LBSIRs:                        217 497
  Class of securities:                     LBSIRs in respect of ordinary shares
  Grant date:                              17 February 2025
  Acceptance date:                         26 February 2025
  Grant price per LBSIR:                   R31.77
  Value per LBSIR:                         R6.76262
  Value of transaction:                    R1 470 849.56
  Vesting date:                            3rd anniversary of the grant date, with 85% thereof being subject to
                                           performance conditions
  Exercise period:                         547 days from the vesting date
  Nature of interest:                      Direct beneficial
  Clearance obtained:                      Yes

  Name of director:                        C Barnard
  Company:                                 Invicta Holdings Limited
  Nature of transaction:                   Grant and acceptance of LBSIRs (off market). The participant will be entitled
                                           to exercise the LBSIRs during the exercise period, conditional on
                                           performance criteria, with the value of the LBSIRs being determined as the
                                           number of exercised LBSIRs, multiplied by the difference between the price
                                           per ordinary share (based on 5-day volume weighted average price) on the
                                           exercise date and the grant price. The value of the LBSIRs after the
                                           deduction of the relevant taxation on exercise will be settled in Invicta
                                           ordinary shares
  Number of LBSIRs:                        236 179
  Class of securities:                     LBSIRs in respect of ordinary shares
  Grant date:                              17 February 2025
  Acceptance date:                         28 February 2025
  Grant price per LBSIR:                   R31.77
  Value per LBSIR:                         R6.76262
  Value of transaction:                    R1 597 188.83
  Vesting date:                            3rd anniversary of the grant date, with 85% thereof being subject to
                                           performance conditions
  Exercise period:                         547 days from the vesting date
  Nature of interest:                      Direct beneficial
  Clearance obtained:                      Yes

Johannesburg
28 February 2025

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

Date: 28-02-2025 05:38:00
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