INVICTA HOLDINGS LIMITED - General Share Repurchase by Invicta

General Share Repurchase by Invicta

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
ISIN: ZAE000029773
JSE share code: IVT
A2X share code: IVTJ
("Invicta" or the "Company")


GENERAL SHARE REPURCHASE BY INVICTA

1.   Introduction

     Shareholders are referred to the announcement released on SENS on 5 March 2025 and are further advised
     that, in compliance with paragraphs 5.79 and 11.27 of the Listings Requirements of JSE Limited ("JSE"),
     Invicta has to date cumulatively repurchased 8 038 835 ordinary shares ("Shares"), pursuant to the general
     authority granted by shareholders at the Company's annual general meeting held on 12 September 2024
     ("AGM"), representing 8.30% of the Company's issued share capital as at the date of the AGM (the "General
     Repurchase").

2.   Details of General Repurchase

         Dates of the General Repurchase:     3 April 2025 to 10 April 2025
         Number of Shares repurchased:        3 117 193
         Average price paid per share         R30.94
         Lowest price paid per Share:         R30.50
         Highest price paid per Share:        R31.00
         Total value of Shares repurchased:   R96 434 960

     The General Repurchase was effected through the order book operated by the JSE and done without any
     prior understanding or arrangement between the Company and the counter parties. All Shares were
     repurchased during a closed period pursuant to a repurchase programme entered into prior to the
     commencement of the closed period, full details of which were submitted to the JSE in accordance with the
     JSE Listings Requirements.

     Following the General Repurchase, Invicta holds 3 117 193 Shares as treasury shares, representing 3.39%
     of the Company's Shares in issue as at the date of this announcement.

     Following the General Repurchase, the extent of the general authority outstanding is 11 329 650 Shares,
     representing 11.70% of the total issued share capital on 12 September 2024, being the date on which the
     general authority was granted by shareholders.

     Application will be made to the JSE for the delisting and cancellation of the repurchased Shares, which is
     expected to occur before 31 March 2026.

3.   Source of funds

     The General Repurchase was funded from cash generated from operations.

4.   Statement by the directors

     The Board has considered the effect of the General Repurchase and is of the opinion that, for a period of
     12 months following the date of this announcement:

     -        the Company and the group will be able to pay its debts in the ordinary course of business;
     -        the assets of the Company and the group will be in excess of the liabilities of the Company and the
              group. For this purpose, the assets and liabilities were recognised and measured in accordance with
              the accounting policies used in the latest audited annual group financial statements;
     -        the share capital, reserves and working capital of the Company and the group will be adequate for
              ordinary business purposes; and
     -        the Company and the group have passed the solvency and liquidity test and since the test was
              performed there have been no material changes in the financial position of the group.

5.   Impact of the General Repurchase on financial information

     The General Repurchase and related transaction costs has had no material impact on the financial
     information of Invicta and will result in a decrease in the Company's cash balances corresponding to the
     approximate value of the Shares repurchased.

Johannesburg

11 April 2025

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

Date: 11-04-2025 04:30:00
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.