ITALTILE LIMITED - Change in the Dividend Withholding Tax Rate

Change in the Dividend Withholding Tax Rate

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


CHANGE IN THE DIVIDEND WITHHOLDING TAX RATE


Shareholders are advised that following the announcement by the South African Minister of Finance
on 22 February 2017, the dividend withholding tax rate has been increased from 15% to 20%, in
respect of all dividends paid on or after 22 February 2017.

Furthermore, shareholders are referred to the Reviewed Condensed Group Results for the six months
ended 31 December 2016 and Dividend Declaration announcement released on SENS on
10 February 2017, wherein a dividend was declared. Shareholders are hereby requested to refer to
the updated dividend declaration paragraph below:

DIVIDEND ANNOUNCEMENT

The Board has declared an interim gross cash dividend (number 101) for the six months ended
31 December 2016 of 16.0 cents per ordinary share to all shareholders recorded in the shareholder
register of the Company as at the record date of Friday, 3 March 2017.

In accordance with paragraphs 11.17(a)(i) to (x) and 11.17(c) of the JSE Listings Requirements, the
following additional information is provided:

-   The dividend has been declared out of income reserves.
-   The local dividend withholding tax rate is 20% (twenty percent).
-   The gross local dividend amount is 16.00 cents per share for shareholders exempt from the
    dividends tax.
-   The net local dividend amount is 12.80 cents per share for shareholders liable to pay the dividends
    tax.
-   The local dividend withholding tax amount is 3.20 cents per share for shareholders liable to pay
    the dividend tax.
-   Italtile's income tax reference number is 9050182717.
-   Italtile has 1 033 332 822 shares in issue including 11 772 983 shares held by the Share Incentive
    Trust and 83 120 423 shares held as BEE treasury shares.

TIMETABLE FOR CASH DIVIDEND

The cash dividend timetable is structured as follows: the last day to trade cum dividend in order to
participate in the dividend will be Tuesday, 28 February 2017. The shares will commence trading ex-
dividend from the commencement of business on Wednesday, 1 March 2017 and the record date will
be Friday, 3 March 2017. The dividend will be paid on Monday, 6 March 2017. Share certificates may
not be dematerialised or rematerialised between Wednesday, 1 March 2017 and Friday,
3 March 2017, both days inclusive.

Johannesburg
24 February 2017

Sponsor
Merchantec Capital

Date: 24/02/2017 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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