ITALTILE LIMITED - Further Trading Statement for the Six Months Ended 31 December 2020

Further Trading Statement for the Six Months Ended 31 December 2020

ITALTILE LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1955/000558/06)
Share code: ITE   ISIN: ZAE000099123
("Italtile" or "the Group")

FURTHER TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2020

Shareholders are referred to the Sales Update and Initial Trading
Statement issued on SENS on 2 December 2020 in which it was advised
that in terms of paragraph 3.4(b) of the JSE Limited (“JSE”) Listings
Requirements, the Board of directors of Italtile (“Board”) was
satisfied that a reasonable degree of certainty existed that the
Group's financial results for the six months ended 31 December 2020
(“Review Period”) would be at least 20% higher than those reported
for the six months ended 31 December 2019.

The Board is now in a position to advise that earnings per share
(“EPS”) and headline earnings per share (“HEPS”) for the Review Period
are expected to be in the range outlined below:


                              Six months to            Six months to             Percentage
                              31 December 2020         31 December 2019          increase
                              (cents)                  (cents)                   (%)
 EPS                          74.7 – 80.2              55,3                      35 – 45
 HEPS                         73.5 – 79.1              55,3                      33 – 43
 Adjusted EPS*                74.7 – 80.2              58,4                      27 – 37
 Adjusted HEPS*               73.5 – 79.1              58,4                      25 – 35

*Basic EPS and HEPS were adjusted for the once-off charge of
R39 million related to the BBBEE transaction concluded with Yard
Investment Holdings Proprietary Limited as announced on SENS on 10
September 2019.

PUBLICATION OF RESULTS

The Group's results for the Review Period are expected to be published
on SENS on or about 11 February 2021.

The above information has not been reviewed and reported on by the
Group´s external auditors.

Johannesburg
28 January 2021

Sponsor
Merchantec Capital




Investor Communications   083 395 8608   english@investorcommunications.co.za   Page 1 of 1

Date: 28-01-2021 09:00:00
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.