Results Of Annual General Meeting Invicta Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1966/002182/06) Ordinary Share code: IVT ISIN: ZAE000029773 Preference Share code: IVTP ISIN: ZAE000173399 (“Invicta” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING The annual general meeting of Invicta shareholders was held on Thursday, 17 September 2020. All the ordinary and special resolutions as set out in the notice of annual general meeting to shareholders dated 31 July 2020 and as further detailed below, were approved by the requisite majority of shareholders. The voting results with respect to the proposed resolutions as required in terms of section 3.91 of the JSE Listings Requirements, are as follows: Total number of ordinary shares entitled to vote was 106 952 915 (issued share capital excluding treasury shares). The total number of ordinary shares that were present/represented at the annual general meeting was 89 564 603, being 84% of total number of Invicta ordinary shares that could have been voted at the annual general meeting. For Against Abstained, in Shares voted relation to total shares in issue Ordinary Resolution 1 Confirmation of appointment of Steven Joffe Number of shares 89 147 702 321 189 95 712 89 468 891 Percentage 99.64% 0.36% 0.09% 82.46% Ordinary Resolution 2 Confirmation of appointment of Mpho Makwana Number of shares 89 463 920 4 971 95 712 89 468 891 Percentage 99.99% 0.01% 0.09% 82.46% Ordinary Resolution 3 Confirmation of appointment of Frank Davidson Number of shares 89 465 070 3 821 95 712 89 468 891 Percentage 100% 0.00% 0.09% 82.46% Ordinary Resolution 4 Confirmation of appointment of Iaan van Heerden Number of shares 86 836 456 2 632 435 95 712 89 468 891 Percentage 97.06% 2.94% 0.09% 82.46% Ordinary Resolution 5 Re-election of Rashid Wally Number of shares 89 463 340 5 551 95 712 89 468 891 Percentage 99.99% 0.01% 0.09% 82.46% Ordinary Resolution 6 Re-election of Dr Christo Wiese Number of shares 84 032 024 5 436 867 95 712 89 468 891 Percentage 93.92% 6.08% 0.09% 82.46% Ordinary Resolution 7 Re-election of Adv. Jacob Wiese Number of shares 86 741 726 2 727 165 95 712 89 468 891 Percentage 96.95% 3.05% 0.09% 82.46% Ordinary Resolution 8 Election of Rashid Wally to Audit Committee Number of shares 89 370 356 98 535 95 712 89 468 891 Percentage 99.89% 0.11% 0.09% 82.46% Ordinary Resolution 9 Election of Frank Davidson to Audit Committee Number of shares 89 464 340 4 551 95 712 89 468 891 Percentage 99.99% 0.01% 0.09% 82.46% Ordinary Resolution 10 Election of Mpho Makwana to Audit Committee Number of shares 89 371 086 97 805 95 712 89 468 891 Percentage 99.89% 0.11% 0.09% 82.46% Ordinary Resolution 11 Re-appointment of Ernst & Young Inc. as auditors Number of shares 89 144 702 324 189 95 712 89 468 891 Percentage 99.64% 0.36% 0.09% 82.46% Ordinary Resolution 12 Placing unissued shares under the control of directors Number of shares 66 233 774 23 235 117 95 712 89 468 891 Percentage 74.03% 25.97% 0.09% 82.46% Ordinary Resolution 13 General authority to issue shares for cash – limited to 5% Number of shares 68 394 005 21 074 886 95 712 89 468 891 Percentage 76.44% 23.56% 0.09% 82.46% Ordinary Resolution 14 Endorsement of Remuneration Policy Number of shares 68 892 305 20 570 002 102 296 89 462 307 Percentage 77.01% 22.99% 0.09% 82.46% Ordinary Resolution 15 Endorsement of Remuneration Implementation Report Number of shares 77 627 318 11 834 989 102 296 89 462 307 Percentage 86.77% 13.23% 0.09% 82.46% Special Resolution 1.1 Approval of annual retainer for chair of Invicta Board – R675 000 Number of shares 86 843 852 2 618 311 102 440 89 462 163 Percentage 97.07% 2.93% 0.09% 82.46% Special Resolution 1.2 Approval of annual retainer for chair of the Audit Committee – R225 000 Number of shares 89 456 776 5 387 102 440 89 462 163 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.3 Approval of annual retainer for chair of Remuneration Committee – R75 000 Number of shares 89 456 776 5 387 102 440 89 462 163 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.4 Approval of annual retainer for chair of Investment Committee – R75 000 Number of shares 89 456 776 5 387 102 440 89 462 163 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.5 Approval of annual retainer for chair of Social and Ethics Committee – R60 000 Number of shares 89 454 776 7 387 102 440 89 462 163 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.6 Approval of annual retainer for members of the Social and Ethics Committee – R23 636 Number of shares 89 454 776 7 387 102 440 89 462 163 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.7 Approval of fee per routine meeting for Invicta Board members – R28 523 Number of shares 89 454 776 7 387 102 440 89 462 163 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.8 Approval of fee per routine meeting for Audit Committee members – R25 605 Number of shares 89 456 776 5 387 102 440 89 462 163 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.9 Approval of fee per routine meeting for Remuneration Committee members – R18 750 Number of shares 89 454 776 7 387 102 440 89 462 163 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.10 Approval of fee per routine meeting for Investment Committee members – R18 750 Number of shares 89 456 776 5 387 102 440 89 462 163 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.11 Approval of fee per routine meeting for Invicta South Africa Holdings (Pty) Ltd Board members Number of shares 89 454 776 7 531 102 296 89 462 307 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.12 Approval of per hour ad hoc meeting fee for Invicta Board members – R2 380 Number of shares 89 456 776 5 531 102 296 89 462 307 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.13 Approval of per hour ad hoc meeting fee for Audit Committee members – R2 135 Number of shares 89 454 926 7 381 102 296 89 462 307 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.14 Approval of per hour ad hoc meeting fee for Remuneration Committee members – R1 562 Number of shares 89 456 776 5 531 102 296 89 462 307 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.15 Approval of per hour ad hoc meeting fee for Investment Committee members – R1 562 Number of shares 89 454 920 7 387 102 296 89 462 307 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.16 Approval of per hour ad hoc meeting fee for Social and Ethics Committee members – R1 970 Number of shares 89 461 776 7 531 95 296 89 469 307 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 1.17 Approval of per hour ad hoc meeting fee for Invicta South Africa Holdings (Pty) Ltd Board members Number of shares 89 454 776 7 531 102 296 89 462 307 Percentage 99.99% 0.01% 0.09% 82.46% Special Resolution 2 General authority to repurchase ordinary shares Number of shares 89 243 747 225 000 95 856 89 468 747 Percentage 99.75% 0.25% 0.09% 82.46% Special Resolution 3 General authority to repurchase preference shares Number of shares 78 527 056 10 941 691 95 856 89 468 747 Percentage 87.77% 12.23% 0.09% 82.46% Special Resolution 4 Approval for the provision of financial assistance for the subscription of shares Number of shares 89 411 772 56 975 95 856 89 468 747 Percentage 99.94% 0.06% 0.09% 82.46% Special Resolution 5 Approval for the provision of financial assistance to a related or inter-related company Number of shares 78 524 495 10 943 522 96 586 89 468 017 Percentage 87.77% 12.23% 0.09% 82.46% Johannesburg 18 September 2020 Lize Dubery Company Secretary Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 18-09-2020 12:00:00 Produced by the JSE SENS Department. 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