Notice Of Disposal Of Invicta Securities In Terms Of Section 122(3) 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”) NOTICE OF DISPOSAL OF INVICTA SECURITIES IN TERMS OF SECTION 122(3) In compliance with section 122(3) (b) of the Companies Act, 2008 (Act 71 of 2008) (“Companies Act”) and paragraph 3.83(b) of the Listings Requirements of JSE Limited, shareholders are advised that Invicta has received notification in terms of section 122(1) of the Companies Act that PSG Asset Management (Pty) Ltd have disposed of a beneficial interest in the ordinary shares of the Company, such that its entire beneficial interest amounts to 4.93% of the total number of ordinary shares in issue. As required in terms of section 122(3) (a) of the Companies Act, Invicta has filed the required notice with the Takeover Regulation Panel. The Company accepts responsibility for the information contained in this announcement to the extent that it relates to the Company confirming receipt of the section 122 notices. To the best of its knowledge and belief, the Company has not omitted any information which is likely to affect the import of the information. Johannesburg 4 November 2020 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 04-11-2020 03:00:00 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.