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Voluntary Announcement Relating to the Acquisition of Imexpart Limited

Published: 2023-07-11 12:00:24 ET
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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
A2X ordinary share code: IVTJ
A2X preference share code: IVTPJ
(“Invicta” or the “Company”)

VOLUNTARY ANNOUNCEMENT RELATING TO THE ACQUISITION OF IMEXPART LIMITED

Invicta is pleased to advise shareholders that the Company, through its wholly-owned subsidiary Euro
Driveshaft Limited, which forms part of its Replacement Parts Auto – Agri (“RPA”) business segment, has
acquired 100% of the share capital of Imexpart Limited (“Imex”) in the United Kingdom (the “Acquisition”).

Description of the business

Established in 1986, Imex is a leading independent truck parts distributor offering a genuine alternative
to the franchised network. IMEX offers value for money across all product ranges:

   •    Parts for DAF®, Mercedes®, Volvo®, MAN®, Iveco®, Renault®, Scania® and other trucks;
   •    Replacement parts for MAN® coaches and buses;
   •    Quality parts for all makes of engines for cars, vans and light commercials vehicles;
   •    Full range of replacement parts for Cummins® Engines; and
   •    Full range of replacement bumpers & step panels.

Imex’s premises are located in Birmingham and Leeds in the United Kingdom, primarily servicing
customers in the United Kingdom and Ireland.

Rationale for the Acquisition

Invicta’s strategic focus is to diversify into new geographical areas, in the industries and markets in which
Invicta has significant experience and strong management capabilities. Imex is operating successfully in
the British and Irish aftermarket parts distribution industry and its acquisition provides a platform for
Invicta to grow its global RPA business. We aim to realise synergies through Invicta’s procurement
capabilities, sourcing inventory for Imex’s clients on a more cost effective basis, and providing access to
a broader range of products. In addition, Imex has product ranges which can be cross-pollenated into
Invicta’s existing operations.

Effective date

The effective date of the Acquisition was 1 July 2023.

Categorisation of the Acquisition

The acquisition of Imex does not constitute a categorised transaction in terms of the Listings
Requirements of the JSE Limited and accordingly this information is disclosed on a voluntary basis.
Johannesburg
11 July 2023

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