ITE - Italtile - The Bee Transaction

ITE - Italtile - The Bee Transaction                                            
Italtile Limited                                                                
(Registration number 1955/000558/06)                                            
JSE code: ITE & ISIN code: ZAE000003679                                         
("Italtile" or "the company")                                                   
THE BEE TRANSACTION                                                             
Shareholders are referred to the announcement dated 12 July 2007 and are        
advised that section 38(2A) of the Companies Act came into effect on            
14 December 2007. Accordingly, the BEE transaction will be effective as         
soon as the remaining administrative conditions and requirements have been      
finalised.                                                                      
Bryanston                                                                       
9 January 2008                                                                  
Corporate and legal advisor                                                     
Rabin and Associates (Proprietary) Limited                                      
Attorneys                                                                       
Routledge Modise Attorneys                                                      
Reporting Accountants                                                           
Ernst & Young Incorporated                                                      
Independent Expert                                                              
PKF Corporate Finance (Proprietary) Limited                                     
Debt arranger and underwriter                                                   
Absa Bank Limited - acting through its Corporate and Business Bank Division     
Transaction sponsor                                                             
Java Capital (Proprietary) Limited                                              
Date: 09/01/2008 16:35:49 Supplied by www.sharenet.co.za                     
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